SOURCE / ECONOMY
Europe, South American traders expect bigger share after anti-dumping duties on Australia
By GT staff reporters Published: Apr 18, 2021 08:23 PM
Bottles of Australian wine on the shelf of a supermarket in Hangzhou, East China s Zhejiang Province on November 27, 2020 Photo: VCG
Winemakers from Europe and South America may enter a golden period of development in the Chinese market, the fifth-largest wine consumer in the world and the largest in Asia, after China imposed anti-dumping duties on Australian wine, leaving a 40-percent market gap to fill.
Since March 28 when China s Ministry of Commerce imposed anti-dumping duties of 116.2-218.4 percent on Australian wine for a five-year period, imports from France, Italy, Chile and other markets into China have accelerated significantly, with imports of Italian wines even doubling as consumption picks up, media reported.
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