Australian Trade Minister Farrell said that within a month after Beijing lifted tariffs, Australian wine merchants exported A$86 million (S$76.99 million) worth of wine to China, and said local wine merchants should be confident about future sales.

Since former Australian Prime Minister Morrison called for an investigation into the origin of the coronavirus in 2020, Sino-Australian relations have continued to be tense. China imposed a five-year anti-dumping tax of up to 218.4% on Australian wine from 2021. Subsequently, Australian wine exports to China plummeted. China lifted the relevant tariffs on March 29 this year.

According to Reuters, Don Farrell said in front of a wine barrel at a winery in South Australia: “I am very optimistic about the full recovery of the Australian wine market in China.” He also said that all evidence so far shows that there is suppressed demand for Australian wine in the Chinese market.

Against the backdrop of a sharp drop in China’s wine imports and consumption, if Australian wine can return to the level of exports to China in 2020, it will be good news for the Australian wine industry with overproduction.
Before November 2020, Australia once exported nearly US$800 million (S$1.082 billion) worth of wine to China a year.

After the center-left government of Australia came to power in May 2022, China-Australia trade has fully recovered after the reconstruction of relations between the two countries. Beijing has previously lifted trade barriers on Australian products such as coal, timber, barley and wine, but still restricts the import of Australian lobsters.

With Chinese Premier Li Qiang set to visit Australia from Saturday (June 15), Farrell said lobster trade should resume. He said: “We and the Chinese government are willing to remove all obstacles in our relationship.”

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