As we all know, China has always been a big wine consumer. China needs to consume a huge amount of wine every year, which also makes many foreign manufacturers import wine from China. Undoubtedly, the domestic wine market has become a beacon of the international market, and many overseas enterprises want to take this opportunity to share a piece of it.

Especially in recent years, the health awareness of domestic consumers has been continuously enhanced, and wine has also been included in the ranks of health care products, further promoting the further development of the wine market. Especially since the signing of the China-Australia Free Trade Agreement, Australian wines have been continuously imported into China.

However, in recent years, the export tax rate of Australian wine to China has been declining, which also makes Australian wine occupy a certain price advantage. In addition, Australia will provide some subsidies to wine producers and exporters, and Australian wine merchants have been actively promoting their wines to China. Therefore, Australia has become one of the largest wine import sources in China.

Under the constant impact of Australian wine on the domestic wine market, domestic wine manufacturers are also facing greater pressure. In recent years, domestic wine production has been declining. This shows that foreign wine is a threat to domestic local enterprises, and in order to realize the healthy development of local enterprises, China has also decided to conduct countervailing investigations on Australian wines.

In fact, in the current free trade, countervailing is also a very common measure used by countries to protect their own trade development, mainly to maintain trade balance and fairness between countries. However, if China's countervailing policy against Australian wines is established, it may also lead to an export loss of more than 6 billion yuan in the Australian wine market, which Australia does not want to see.