Exporters see bright future for wine sales

Australian wine exporters are looking to cash in on the Chinese market after the two countries finalized negotiations on a landmark free trade agreement.

Under the deal, which was announced on Monday during President Xi Jinping's visit, Australian products, including wine, will enjoy easier access to the Chinese market while offering more competitive prices to Chinese consumers.

Australian wine sales in China exceed A$200 billion ($174 billion) on average each year, with tariff levels of between 14 and 30 percent, which will be exempt in four years.