Australia Encourages Business Diversification in Response to China’s Wine Tariffs

The Chinese Ministry of Commerce announced on Thursday that it would lift punitive tariffs on Australian exports.

Australia’s government has warned businesses against relying solely on China for their economic success after Beijing decided to scrap heavy tariffs on Australian wine exports this week.

Assistant Minister for Trade Tim Ayres said trade diversification was “absolutely critical” for Australian businesses and the government would be working with wine producers to “diversify their trade markets.”

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