China launches second probe into Australian wine, claiming government subsidies could infringe trade rules
4 years, 3 months ago

China launches second probe into Australian wine, claiming government subsidies could infringe trade rules

ABC  

In another blow to Australia's wine export sector, China has confirmed it is launching an investigation into alleged subsidies. Key points: The announcement comes after China launched a separate probe into dumping allegations Trade Minister Simon Birmingham says Australia refutes China's allegations China is Australia's most valuable export market for wine China's Commerce Ministry says Australian bottled wine in containers of 2 litres or less will face a one-year countervailing-duties investigation. It comes a fortnight after China's Government launched a separate anti-dumping investigation that caused the share price of Australia's largest wine exporter, Treasury Wine Estates, to plunge. "The countervailing-duties investigation into Australian wine was broadly foreshadowed at the time that the anti-dumping investigation was initiated," Trade Minister Simon Birmingham said. But China's ambassador to Australia, Cheng Jingye, previously warned Chinese consumers may lose their taste for Australian wine and beef due to diplomatic tensions, and state media had repeatedly said such exports could be targeted.

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