{"id":90334,"date":"2024-03-28T08:10:41","date_gmt":"2024-03-28T12:10:41","guid":{"rendered":"https:\/\/ifintechworld.com\/?p=90334"},"modified":"2024-03-28T08:10:43","modified_gmt":"2024-03-28T12:10:43","slug":"china-wine-dispute-may-be-resolved-in-weeks-australian-trade-minister-says-by-reuters","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=90334","title":{"rendered":"China wine dispute may be resolved in weeks, Australian trade minister says By Reuters"},"content":{"rendered":"
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By Alasdair Pal<\/p>\n

SYDNEY (Reuters) – A trade dispute with China over tariffs on Australian wine may be resolved “in a few weeks’ time”, Australian Trade Minister Don Farrell said on Tuesday, removing one of the final obstacles curbing its exports to China.<\/p>\n

Australian wine exports to China were worth about $800 million in the year to November 2020. However, that month Beijing responded to a call in Canberra for an inquiry into the origins of COVID-19 by blocking imports of Australian commodities such as barley, wine and coal.<\/p>\n

China has been lifting those trade barriers as relations improve and Australian officials and industry expect a review of the wine tariffs begun by Beijing last year will lead to their removal next month.<\/p>\n

Farrell said he had spoken with China Commerce Minster Wang Wentao on Monday, and the two sides were close to an agreement. <\/p>\n<\/p>\n

“I’m confident that the discussions I had yesterday with the commerce minister will result in them carrying through on what they undertook, which was to expedite the review of the tariffs and that we will get a result on that in a few weeks’ time,” he said in an interview with state broadcaster ABC on Tuesday. <\/p>\n

Australia’s government said in December it was confident the tariffs would be lifted in early 2024. <\/p>\n<\/p><\/div>\n