Treasury Wine Estates, Australia's largest wine producer, plans to increase its workforce in China by two-thirds this year following re-entry into its biggest export market. Read More
tariffs
Penfolds is poised to make a full return to mainland China, with first shipments expected to arrive next month following the lifting of punitive tariffs in late March. Read More
Wakefield Taylors Family Wines has forged a new distribution partnership with Jebsen Wines & Spirits to bolster its foothold in Hong Kong and Macau, laying the ground work for eventual and fast acess to the Chinese market once China reopens within days. Read More
Australian wine giant Treasury Wine Estates is cautiously adjusting its global shipments of its popular brand Penfolds in anticipation of China's tariff removal. Read More
It will take years to rebuild China market even if Beijing drops hefty punitive tariffs on Australian wines, says TWE CEO. Read More
Treasury Wine Estates, Australia’s biggest listed wine company, posted a 5.3% growth in annual profits in fiscal year 2022 but its flagship wine Penfolds’ overall … Read More
Hong Kong suspended a much-loathed flight ban policy and border with mainland China could reopen as early as August 4. Read More
Australian wine exports saw moderate growth from market diversification outside of mainland China, but the progress was no match to offset the loss from its former largest export destination. Read More
China’s harsh anti-dumping tariff imposed on Australian wine has cost Australian wine industry AU$ 1 billion, according to the country’s wine trade body, resulting in a 30% decrease in Australia’s overall wine exports last year. Read More
Secondary market activity for Australian wine experienced significant decline as a result of Chinese anti-dumping tariffs, as reported by Liv-Ex. Read More