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Reuters

Business

Treasury Wine faces 175.6% duty rate for Australian wine exports to China

FILE PHOTO: Bottles of Penfolds Grange, a Treasury Wine Estates brand, on sale at a wine shop in Sydney, Australia, August 4, 2014. REUTERS/David Gray/File Photo/File Photo

Australia's Treasury Wine Estates Ltd said ‍on Monday it would face an anti-dumping and countervailing duty rate of 175.6% for its Australian country-of-origin wine in China, after an investigation by that country's Ministry of Commerce.

(Reporting by Soumyajit Saha in Bengaluru; Editing by Peter Cooney)

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