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UK FTA announcement a major step in the right direction for Australia s wine sector and British consumers
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Australia-UK Trade Deal Another Step Towards Diversification Away From China
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Britain Signs Major Trade Deal With Australia, Its First After Brexit
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Wine companies face biggest battle after China hit
Wine is having the toughest time diversifying among sectors including barley, lobster and coal.
A Mexico-bound CBH barley shipment loads in Albany, WA.Â
Nic Duncan
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It took 15 years for Australiaâs wine producers to build up a $1.3 billion export business to China â and the stroke of a pen late last year by the Chinese government to destroy it.
The wine sector, led by the big-selling Penfolds brand owned by ASX-listed Treasury Wine Estates, is the highest profile of the industries which have been battered by the Chinese Communist Party imposing punishing tariffs and blockages.