|Posted on 20 May, 2017 at 1:10|
The China Australla Free Trade Agreement (ChAFTA), introduced just 18 months ago, is already proving advantageous to Australian exporters in key industry sectors, including wine making.
This article in today's Sydney Morning Herald states that the latest data to March 2017 shows a 51% increase in Australian wine sales to China, with the largest increase (87%) in premium category wines ($20 to $50 per bottle).
The value of Australian wine sales to China was AUD $500 million.
This comes after the ChAFTA reduced tariffs on wine exported to China to just 5%, making Australian wines competitive on price with other wine producing nations like France and Chile.
Other Australian industry sectors to benefit from the ChAFTA include aged care, renewable energy, health and pharmaceuticals, especially naturally-based products.
We are proud to work with a premium NSW wine producer, a Victorian biotech company and others in taking advantage of the ChAFTA to grow exports to China.