Potential for locals in China free trade deal

Potential for locals in China free trade deal

The significant value the wine industry contributes to the Orange economy has been further highlighted with the success local producers are having exporting their product overseas, principally to China and Korea. Of course this success is only the tip of the iceberg. When the current tariffs on wines are lifted, in the next few years, the Orange industry will be on a level playing field with its international competitors including New Zealand and Chile. Under The China Australia Free Trade Agreement (CHaFTA) tariffs of 14-20 per cent on Australian wines will be eliminated by January 1, 2019.

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