China to lift anti-dumping tariffs on Australian wine from March 29

China will lift anti-dumping and anti-subsidy tariffs on Australian wine from March 29, the country's commerce ministry said in a statement on Thursday. The tariffs, of up to 218.4%, were first imposed in March 2021 for a period of five years.

"Given the situation in China's wine market has changed, the anti-dumping and anti-subsidy tariff imposed on wine imported from Australia is no longer necessary," the ministry said.