China is by far the largest destination for Australia's wine exports by value, according to the government's industry authority, Wine Australia.
China's Ministry of Commerce said Tuesday it is launching an anti-dumping investigation into some wines imported from Australia.Australia had the largest share of China's imported wine market at 37%, according to data for the 12 months through May from Global Trade Atlas and cited by Wine Australia in an August 4 report.China's Ministry of Commerce said Tuesday it is launching an anti-dumping investigation into some wines imported from Australia.
Australia's Federal Trade Minister Simon Birmingham said in a statement that Chinese authorities "have also advised Australia that they are considering a request to launch a countervailing duties investigation." "This is a very disappointing and perplexing development," Birmingham said, adding that "Australian wine is not sold at below market prices and exports are not subsidised."
The announcement comes amid growing geopolitical tensions between the two countries. China is Australia's top export market, and by far theby value, according to the government's industry authority, Wine Australia. The Chinese investigation targets "wines in containers holding 2 liters or less," according to an English translation on theVIDEO
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