China's Ministry of Commerce (MOFCOM) announced on Thursday a decision to cancel anti-dumping and anti-subsidy tariffs levied on Australian wine, effective from Friday.
"As the situation of China's wine market has changed, the anti-dumping and anti-subsidy measures imposed on Australian wine are no longer necessary," the MOFCOM said in a statement appearing on its official website.
On October 31, 2023, the Australian Grape & Wine Incorporated filed an application to the MOFCOM for a review on anti-dumping and anti-subsidy measures imposed on Australian wine, it said. As the situation has changed a lot now, they hope the MOFCOM will conduct a review on the necessity of continuing to implement the remedy measures or move to remove the measures according to a review conclusion.
MOFCOM said earlier that it began reviewing the anti-dumping and countervailing duties on Australian wine as of November 30, 2023.
China started to implement a five-year anti-dumping tariff on imported wine products from Australia from March 28, 2021.
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