Trade deal with India is a ‘significant’ opportunity for Aussie wine producers

A vendor arranges wine bottles at the Fourth International Wine Festival in Bengaluru. Photo: Getty

Australian wine producers are hoping to claw back revenue lost from China when the Australia-India Economic Cooperation and Trade Agreement (AI-ECTA) goes live later this month.

Wine exports to China dropped by 92 per cent to $21 million in the year ending September 30, due to COVID disruptions and Beijing slapping tariffs on Australian wines.