After government announced deal with China that could end tariffs on barley, wine producers now cautiously optimistic
He said wine exports from Australia to China peaked at $1.2bn a year before the imposts, but the value had fallen to just $12m last year.World Trade Organization
But McLean said even if the tariffs were removed, he did not believe Australian wine exports to China would return to the $1.2bn peak “in the short to medium term at least”. Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup He said Australian wine producers continued to see China as “a really significant market for us”. But even if China returned to being the biggest export destination for Australian wine, many producers would seek to “balance” their exposure to the country with renewed focus on expanding to other markets.
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