Trade4go Summary
Australia's Trade Minister, Don Farrell, has announced the resumption of lobster exports to China, marking the end of all trade barriers between the two countries since the COVID-19 pandemic. This development is anticipated to significantly boost the Australian lobster industry, which exported 5,500 tons of live lobsters to China in 2019, valued at A$450 million. The move is expected to bring substantial economic benefits and provide job security for regional fishing communities.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
Australian Trade Minister Don Farrell said: "The lifting of the ban is a very good result for both Australian lobster producers and Chinese consumers. This most valuable seafood will be back on the Chinese New Year menu in 2025." "We have established a constructive relationship with our largest trading partner, and it is in Australia's national interest to have Chinese consumers buy Australia's top export products. The government will continue to support Australian companies to sell world-class products on the global stage." Farrell said that the resumption of exports to China is expected to bring huge economic benefits to the Australian lobster industry and provide employment security for regional fishing ...