China announced on Thursday its intention to reassess the necessity of anti-dumping and anti-subsidy tariffs imposed on imports of Australian wine. The Commerce Ministry, as part of ongoing efforts to mend bilateral ties, disclosed its decision to commence the review starting Thursday.
Following a recent consensus between China and Australia to resolve a World Trade Organisation dispute related to wine, the Commerce Ministry emphasized that the anti-dumping tariffs, initially scheduled to conclude in 2026, would now undergo a thorough evaluation. Shu Jueting, a spokesperson for the commerce ministry, affirmed during a regular news conference in Beijing, “The Ministry of Commerce will conduct a review in accordance with the law to fully protect the rights of all stakeholders.”
She further asserted,
“We will adjudicate objectively, fairly, and openly based on the claims of each interested party and after examining the evidence.” The ministry invited interested parties or stakeholders to submit written comments within a 20-day period.
The introduction of a substantial 218% tax on most Australian wine by China in early 2021 led to a drastic decline in the previously thriving trade, which had been valued as high as $1.2 billion annually.
