Beijing: Alcohol is also a wonderful thing. Sometimes it creates friendship, sometimes enmity, sometimes it makes one forget old sorrows, sometimes erases memories and sometimes burns memories. But this time alcohol has done something which you will be shocked to know about. The matter is like this. If alcohol can restore bad relations between two countries, then alcohol will be called magical. This may sound strange, but something similar has happened between Australia and China. Relations between the two countries were going bad for a long time. But alcohol has now worked to restore relations between the two countries. It is expected that this will further strengthen relations between Australia and China in the future.
Let us tell you that China on Thursday announced the removal of the duty imposed on Australian liquor three years ago. This step of China is being considered as the biggest sign of improvement in relations between the two. Australia has also become upset with this decision of China. China’s Commerce Ministry said that this decision will be effective from Friday. China had imposed heavy duties on Australian wine in 2020 after a diplomatic standoff, which dealt a major blow to the Australian wine market as a large amount of Australian wine is exported to China.
Australia suffered a loss of 20 billion dollars due to sugar duty
When China imposed this duty on Australian wine, it had to suffer a loss of up to $20 billion. But now Australia is expecting huge profits from this decision of China. Trade tariffs have been the hottest issue between Beijing and Canberra in recent years, with China imposing sanctions on Australian goods during a souring of relations. It is estimated that the Australian economy suffered a loss of 20 billion Australian dollars due to the tariffs. Most of the duties have now been removed following the improvement in relations between the two countries. (AP)
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