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China on Thursday announced the lifting of punitive tariffs on Australian wine, in a sign that the precarious bilateral relationship could be improving despite setbacks.- Wine tariffs lifted -
China's commerce ministry said on Thursday it was lifting punitive tariffs on imports of Australian wine, a move that Canberra's top politicians said would "benefit both Australian producers and Chinese consumers".
Beijing has cancelled the long-standing tariffs on Australian wine in the long-drawn-out relationship between China and Australia. As of Friday, no countervailing duties will be levied on wine from Australia, the Chinese Ministry of Commerce announced on Thursday. The reason given was "changes in the market situation for the wines in question in China." The announcement came, however, after a visit by Chinese Foreign Minister Wang Yi to Australia last week, during which the tariffs were reported