In a turnaround for anti-dumping actions, the Chinese Ministry of Commerce has initiated an anti-dumping investigation into Australian wine exports into China.
The news came in an announcement from one of the country’s largest winemakers, Treasury Wine Estates, which told investors it would co-operate with any requests it received from Chinese or Australian authorities.
TWE sells a wide range of wines in China at every pricepoint ranging up to its prestige Penfolds luxury brand.
The company owns more than 14,000 hectares of vineyards, and 70 plus wine brands aincluding Beringer, Penfolds, Wolf Blass, Stags’ Leap, Beaulieu Vineyard, Lindeman’s, Sterling Vineyards, 19 Crimes, Chateau St. Jean and Wynns Coonawarra Estate
TWE said: “TWE has a long and respectful relationship with China over many years through its team, partners, customers and consumers.
“TWE remains committed to China as a priority market and will continue to invest in its Chinese business.”
Picture: Treasury Wine Estates
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