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From January to March, China imported 200.57 million litres of wines worth about US$792 million.

China’s wine imports soared in both volume and value in the first quarter of the year, with Australia closing in on France as the China-Australia Free Trade Agreement took even greater effect following another tariff cut at the beginning of this year.

Barossa Visitor Centre will be upgraded with funds obtained from a Federal Government grant.

The Barossa wine sector has been given a boost by the Federal Government after receiving more than $300,000 in funding to help promote the region’s product.

While output might be down, consumption of wine is on the up, with global levels coming in at 243 million hectolitres in 2017.

Poor weather conditions in the EU have led to a sudden decrease in production.

Global wine output has dropped to its lowest level since 1957, according to latest figures released by the International Organisation of Vine and Wine (OIV).

Splash sources wines from all over the world for its members and only carries a maximum of 200 wines at a time to keep its offering fresh and relevant.

Splash, an American direct-to-consumer online wine retailer, is hoping to make waves in the UK via London-based crowdfunding platform Crowdcube.

As reported by ProactiveInvestors.co.uk, the family-run company, which has over 60,000 customers in the US, is seeking to raise £1.5 million in equity through Crowdcube to fund its expansion into the UK.

The adjustment of only 1% will bring the total taxes for imported wine, including import tariff, VAT and excise tax, down from the current 48.2% to 46.93%.

The Chinese government has announced that it will lower the country’s VAT tax from the current 17% to 16% for imported goods, which is expected to boost China’s wine imports, especially for countries such as Australia and Chile that have signed Free Trade Agreements with China.