The province announced Monday that it reached an agreement with Australia to end the emerging wine region policy following a complaint by Australia to the World Trade Organization that the policy violated trade rules. He said the risk was simply too great to the industry to continue defending the policy. As part of the agreement, Nova Scotia has four years to phase out the policy. Under the policy, the markup by the Nova Scotia Liquor Corporation is only 43 per cent on a bottle of wine, compared to 100 per cent for companies that exceeded the policy threshold. "From Australia's point of view, clearly, they're still selling quite well in Nova Scotia, doing quite well in Nova Scotia," said Adams.

Source: CBC News July 28, 2020 09:00 UTC