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

FILE PHOTO: FILE PHOTO: Bottles of Penfolds Grange on sale at a wine shop in Sydney
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(Reuters) - 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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