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Since the beginning 2023, there has been a continuous flow of "Australian wine is expected to pick up" news, until the third quarter, the official release of the news.

"We are willing to work with the Australia to promote a 'package' solution to the wine case," a spokesperson for the Ministry of Commerce said at a regular press conference on September 21.

On October 22, the spokesperson of the Ministry of Commerce answered a reporter's question about the Sino-Australian WTO dispute: "Recently, China and Australia have conducted friendly consultations under the framework of the WTO on the disputes of mutual concern such as wine and wind towers, and reached consensus on proper settlement."

At the same time, the Australian media also carried a series of reports on the relevant events, and made it clear that China has agreed to move forward with the settlement of tariffs on Australian wine, and the review process is expected to take five months.

"If the review starts in November, Australian wine is expected to see tax changes in March or April next year." At present, the relevant changes are still full of uncertainty, but we do not rule out a full return to the previous status of zero tariffs." A wine importer said in an interview with reporters.

"The market is welcoming. Australian wine has its own strengths and foundations. If the tariff can be returned to zero, it is estimated that it will return to the top three of China's imported wine market." Some insiders revealed that although the loyalty of wine consumers is not high, it is a fact that Australian wine meets the taste preferences of Chinese consumers. As long as the price advantage is still there, the lost market will eventually come back, but it is more difficult to re-dominate the list.

In this regard, the industry has basically reached a consensus. In any case, the industry generally believes that Australian wine will not return to the peak.