Source: supplied.
Australian winemakers welcome the Albanese government’s new trade pact with India but say it will be no substitute for the once lucrative export market to China, which was worth $1.1 billion before plummeting 92% in value amid Canberra and Beijing’s diplomatic freeze.
See Saw Wine CEO Justin Jarrett tells SmartCompany that any free trade agreement leads to better outcomes for the agricultural sector, but cautioned that the Australia-India Economic Cooperation and Trade Agreement (AI-ECTA) was no silver bullet for Australian winemakers still reeling from the China fallout.
“The opportunity to have tariff-free wine trade into the largest population on the planet will of course benefit the wine industry, but it must be taken with the context that ‘although a large population a large percentage [in India] do not consume alcohol’,” the NSW winemaker pointed out.
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