China is removing punishing tariffs on Australian wine imposed more than three years ago, restrictions that have all but destroyed a $1.2 billion export market for hundreds of local wineries.
The Chinese Ministry of Commerce, late on Thursday, said the tariffs would be removed on Friday. They were imposed in late 2020.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
Michael Smith is the health editor for The Australian Financial Review. He is based in Sydney. Connect with Michael on Twitter. Email Michael at michael.smith@afr.com
