BEIJING, March 28, 2024 (BSS/AFP) - China's commerce ministry said Thursday it was lifting punitive tariffs on Australian wine, as trade ties improve between the two countries after years of tension.

"In view of changes in the market situation of the relevant wines in China, it is no longer necessary to impose anti-dumping duties and anti-subsidy duties on imports of the relevant wines originating in Australia," the ministry said in a statement, adding that the tariffs would be lifted on Friday.