BCB in Brief: China removes duties on Australian wine
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What happened
China’s Ministry of Commerce (MOFCOM) announced that it will remove duties on Australian bottled wine effective 29 March.
Australia welcomed the decision and will discontinue its dispute proceedings in the World Trade Organization.
Australian wine exporters responded positively, with Treasury Wine Estates CEO Tim Ford saying it was a “momentous milestone” and “cause for celebration across the Australian wine industry.”
