The Chinese government has hinted at the imminent removal of punitive tariffs for the import of Australian wine which have cost the Australian wine industry around $1bn a year since 2020.
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The impact of the Chinese tariffs on Australian exports will not be immediately offset by other markets, the latest Australian Bulk Wine Market Update has said.
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An international trade show backed by the Chinese government, which will focus on imported products, is poised to make its debut next month in Shanghai as the country prepares to “actively open its doors to the world”.
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