Chinese foreign minister to visit Australia next week, Guardian reports [Reuters]
TREASURY WINE EST S/ADR (TSRYY)
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Source: Reuters
The report comes as the Anthony Albanese-led Labor government tries to patch up ties with China, Australia's largest trading partner, since coming to office in 2022. Australia's top publicly listed winemaker Treasury Wine Estates (TWE.AX) , opens new tab on Tuesday said China's Ministry of Commerce has released an interim proposal to remove tariffs on Australian wine, raising hopes nearly three years of duties would soon end. China has been lifting most trade blocks imposed after Australia called for an inquiry into the origins of COVID-19 in 2020. Wang will hold talks with Foreign Affairs Minister Penny Wong in Canberra next Wednesday as part of the Australia-China Foreign and Strategic Dialogue, the Guardian reported, without citing any source. Wong's office did not immediately respond to a request seeking comment. Wong is expected to raise human rights, regional security and will push for the removal of the remaining trade impediments in her meeting with Wang, the Guardi
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News
- Painful week for individual investors invested in Treasury Wine Estates Limited (ASX:TWE) after 7.3% drop, institutions also suffered losses [Yahoo! Finance]Yahoo! Finance
- These Are the Stocks to Watch as Australia Resets Relations With China [BNN Bloomberg (Canada)]BNN Bloomberg
- China's crowded wine market offers no lifeline for struggling global industry [Yahoo! Finance]Yahoo! Finance
- China's crowded wine market offers no lifeline for struggling global industry [Reuters]Reuters
- China lifts tariffs on Australian wine, ends three-year freeze in trade [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The