Nation lifts tariffs on wines from Australia

China has decided to lift anti-dumping duties and countervailing tariffs imposed on imported Australian wine for more than three years, in keeping with shifting market conditions in the Chinese wine market, the Ministry of Commerce said on Thursday.

The decision, which takes effect on Friday, will scrap duties as high as 218 percent on Australian wine exports to China, the ministry said.

Through joint efforts, China and Australia have reached a consensus on effectively resolving their trade disputes within the framework of the World Trade Organization, said He Yadong, a ministry spokesman, during a news conference.