Chinese tariffs smash wine exporters
The impact of Chinese tariffs on Australian wine is beginning to be felt — but new export markets are growing.
Tariffs of more than 200 percent were introduced by China in November with Beijing claiming Australian wine was being dumped.
The duty saw the value of exports for 2020 fall by 14 percent to $1.01 billion, with the country still our biggest export market.
Before the tariffs were introduced global wine exports had hit a record high for a 12 month period of $3.1 billion.
While Wine Australia expects the decline in the Chinese market to continue, 2020 marked record growth into Europe… and modest increases to North America.
Rural editor Eddie Summerfield spoke with with Wine Australia Chief Executive Andreas Clark:
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