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Australia’s wine exports saw a significant increase of over a third, largely driven by a rise in shipments to China following the country’s decision to remove tariffs.
The total value of shipments for the year ending in September surged by 34% to A$2.4 billion ($1.6 billion), marking its highest level since the year ending in August 2021, as reported by Wine Australia. This boost comes in the wake of a recovery in supplies to China and Hong Kong after Beijing, in late March, lifted punitive tariffs that had been imposed on Australian wine, which reached as high as 218% three years prior.
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