Progress made on tariff talks

February 2, 2024 12:38 pm in by
Image by Wolfgang Claussen from Pixabay

South Australia’s Minister for Trade says he is continuing to advocate for tariffs to be lifted with Chinese counterparts.

A review of wine tariffs by China is currently underway, and the Government says significant progress has been made to stabilise Australia’s relationship with the country.

Minister Nick Champion says this includes dropping trade restrictions on Australian coal, cotton, timber, barley and hay.

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“It’s a really important partnership between the Department for Trade and Investment and Primary Industries Department, and of course the South Australian wine industry itself getting everybody ready, Minister Nick Champion says.

“We figure if we do that now, it just means everyone gets a smoother entry if we get a successful market opening.”

The wine market used to be worth over $900-million, and is now $2.7-million a year.