The South Australian Premier Peter Malinauskas welcomes agreement between the Australian and Chinese Governments on a pathway to lift Chinese tariffs on Australian wine.
The tariffs of up to 220 per cent were imposed on Australian wines in 2020, and have had a severely detrimental impact on many South Australian wine producers.
The Premier Peter Malinauskas took a delegation of leaders from South Australia's wine industry and other business sectors to China last month to advocate for the lifting of tariffs, and to explore further opportunities for trade and investment.
Ahead of the Prime Minister Anthony Albanese's planned visit to China next month, the Australian and Chinese governments have reached agreement to resolve the trade dispute.
In a major breakthrough, China has agreed to a five-month review of its wine duties. Australia will suspend action against China in the World Trade Organisation as a result.
As put by Premier Peter Malinauskas
This is a significant development for thousands of South Australians whose lives and livelihoods have been significantly hurt by these punitive tariffs.
We had genuine and honest engagement with the Chinese Government on this matter during my visit last month, and officials were well aware of the importance of this matter to the people of South Australia.
This is a decision which has the potential to deliver benefits for people of both nations.
South Australia is home to some of the most famous regions, historic estates and the oldest vines in the country – and Chinese consumers have demonstrated a strong affinity for premium and luxury goods, creating demand for high-quality South Australian wines.
I thank the Prime Minister and his Government for their advocacy and diplomacy.
