Business is booming for Australian wines in China

The Australian wine industry is benefitting from the China-Australia Free Trade Agreement, with Australian bottled wines showing a strong 50.8% increase in value and 20.5% increase in volume, with the average price raising by 25.2% according to industry publications. Based on the trade agreement, China has started to reduce the import tariffs on Australian wines from this year and will eventually abolish the tariff in 2019.