Trade4go Summary
China has restarted quarantine inspections for lobsters imported from Australia, reopening a trade route that had been blocked since late 2020 due to diplomatic tensions. The decision indicates a thaw in bilateral relations, marking the resolution of all trade disputes that had led China to impose bans and tariffs on Australian goods worth A$20 billion. China is keen to improve its economic and trade relations with Australia and broaden cooperation in various sectors.
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Original content
BEIJING (Dec 26): China's commerce ministry on Thursday said it has resumed regular quarantine inspections for lobsters imported from Australia, effectively restoring shipments that had been disrupted since late 2020 due to a diplomatic dispute. China hopes to work with Australia to properly manage bilateral economic and trade relations and to expand and deepen cooperation in both traditional and emerging sectors, ministry spokesperson He Yongqian told a regular news conference. In late 2020, China imposed unofficial bans and tariffs on Australian goods valued at A$20 billion (RM55.9 billion), including coal, wine, and rock lobster, after Canberra called for an ...
Theedgemarkets
Dec 26th, 2024
