Australia cheers trade with China, Korea as tariff cuts take effect

Australian products will more regularly find their way into households in the republic of Korea and China with the new year signalling the latest tariff cuts.

Bottles of red wine imported from Australia and New Zealand are for sale at a Metro Supermarket in Shanghai. Source: AAP

Here's cheers to China with more of the county's population expected to sip on some Aussie wine in 2019 as the latest round of tariff cuts kicks in.

Bottled wine is among 1500 products included in Australia's free trade agreement with China and the republic of Korea which had export tariffs removed or reduced on New Year's Day.

Australian rock lobsters, tomato sauce and even fresh cherries will be more regularly found in kitchens in China after the latest round cut export tariffs on the products to zero.

 

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