China has agreed to review the tariffs it imposed on Australian wine exports following “productive discussions” between both countries.
Prime Minister Anthony Albanese announced the decision, ahead of his trip to Beijing, where he will meet with President Xi Jinping and Premier Li Qiang next month.
It will be the first time a prime minister has visited the nation since 2016.
Under the deal, China has agreed to launch a five-month review into the tariffs, if Australia suspends its World Trade Organisation challenge, pending the outcome of the review.
In a statement, Albanese said he would continue to build a “stable relationship” between the two countries.
“I look forward to visiting China, an important step towards ensuring a stable and productive relationship,” he said.
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“Prime Minister Whitlam’s historic visit laid the groundwork for the diplomatic, economic and cultural ties that continue to benefit our countries today.
“I welcome the progress we have made to return Australian products, including Australian wine, to the Chinese market. Strong trade benefits both countries.”
China remains Australia’s largest trading partner, amounting to almost a third of our total trade.
Albanese will visit China from November 4 to 7.
