SOURCE / ECONOMY
China to make final review ruling regarding lifting tariffs on Australian wine: MOFCOM
Published: Mar 14, 2024 06:31 PM

Bottles of Australian wine on the shelf of a supermarket in Hangzhou, East China's Zhejiang Province on November 27, 2020 Photo: VCG

Bottles of Australian wine on the shelf of a supermarket in Hangzhou, East China's Zhejiang Province on November 27, 2020 Photo: VCG


China will make final review ruling in accordance with the investigation procedures regarding lifting tariffs on Australian wine, Chinese Ministry of Commerce (MOFCOM) said on Thursday. 
On Tuesday, the ministry had disclosed the basic facts on which the ruling was based to the relevant stakeholders in accordance with the investigation procedures, and gave all parties an opportunity to express their opinions. 
Next, MOFCOM will make a final review in accordance with the investigation procedures based on the comprehensive consideration of the opinions of all parties, said He Yadong, a spokesperson of MOFCOM , in response to a media inquiry on whether China is to lift tariffs on Australian wine imports or not. 
The reply of MOFCOM also comes on the heels of China's Ministry of Foreign Affairs saying that Chinese Foreign Minister Wang Yi will visit New Zealand and Australia from March 17-21, and hold the 7th round of China-Australia Foreign and Strategic Dialogue.
Wang Wenbin, a Foreign Ministry spokesperson, said on Wednesday that China and Australia are making efforts to address mutual concerns through dialogue and consultation, which will help improve the momentum in bilateral relations.
China stands ready to continue stepping up dialogue and cooperation with Australia under the principles of mutual respect, equality, mutual benefit and seeking common ground while shelving differences, so as to promote the steady and sound growth of bilateral relations, Wang noted.
MOFCOM said earlier that it began reviewing the anti-dumping and countervailing duties on Australian wine as of November 30, 2023. A five-year series of anti-dumping and countervailing tariffs on Australian wine was imposed on March 28, 2021.
While, Australian government officials and media outlets have frequently brought the issue up, indicating the great eagerness of Australian winemakers to return to the Chinese market.
At Thursday's press conference, the MOFCOM spokesperson has also mentioned the disputes such as wind towers from China.
China has serious concerns about Australia's trade remedy measures against China's wind tower and other measures, and hopes that Australia will respect WTO rules and properly address China's concerns, He said.

Global Times