AUSSIE TRADE MINISTER IN BEIJING WITH FULL RESUMPTION OF TRADE IN MIND
By Siulan Law Mathews DipWSET
Source: Don Farrell/Facebook
Australian trade minister Don Farrell arrived in Beijing yesterday to lobby for normalisation of trade relations, paving the way for the lifting of trade barriers that have sent the Australian wine industry in disarray.
This is the first visit to China by an Australian trade minister since 2019. Farrell will spend three days in China and will meet with his Chinese commerce minister Wang Wentao.
In a meeting held in Beijing today, Farrell told Wang that "we still have some way to go to establish usual trade across the board".
He also said: "We can see the benefits for Australian and Chinese businesses and consumers that continue to flow from the China-Australia Free Trade Agreement."
Before he left Australia, Farrell said in a statement that he will work to resolve outstanding blocks on the flow of goods between the two countries.
“I will be advocating strongly for the full resumption of unimpeded Australian exports to China — for all sectors — to the benefit of both countries,” he said in the statement.
Australian exporters are hoping that the trade minister’s visit will lead to China lifting barriers that blocked exports of wine, barley, beef, coal, copper, cotton, seafood, sugar and timber that cost them up to AUD20 billion (USD9.7b) a year.
Australia’s wine exports to China were almost wiped out after Beijing slapped up to 218 percent of punitive tariffs. The trade shrunk from AUD1.3 billion (USD872.5 million) in 2019 to only AUD12m in 2022.
(the writer can be contacted at: email@example.com)
ALL RIGHTS RESERVED
**IF YOU THINK THE WINE CHRONICLE IS WORTH SUPPORTING, PLEASE MAKE A DONATION TO HELP US IMPROVE AND CONTINUE OUR WORK**
TRENDING│ FOCUS│ MISSION│ ABOUT US│ CONTACT