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Australia – China trade relations set to improve
Australia’s Agriculture Minister Murray Watt, has announced this week that
Australia’s two largest barley producers will be allowed to export their grain to
The producers had previously been prevented from exporting grain by the
Chinese customs agency.
The announcement represents a further breakthrough in the Australia-China
trade relationship after China removed a number of punitive tariffs on Australian
Co-Operative Bulk Handling and Emerald Grain will now be reinstated as
registered exporters, with permission to have their products enter China.
Minister Watt said that removal of the suspensions was a result of ongoing
discussions between the two countries and was great news not only for Australian
farmers but the whole grain supply chain.
The Australian government hopes that the improvement in the trade relationship
between the two nations will result in beneficial change for other industries,
where trade barriers still exist.
Trade Minister Don Farrell is hopeful recent trade developments with China will
lead to more tariff removals.
He viewed the removal of tariffs on Australian barley as a positive sign for other
products like wine.
Minister Farrell said that the template used for barley could work for wine.
More negotiations are required on issues regarding wine, lobsters, and meat
China’s decision to allow tour groups to travel to Australia has also been seen as a
Prime Minister Anthony Albanese has considered a future visit to Beijing.
Tourism expected to spike as Chinese resume visits to Australia
Chinese tour groups will be able to travel to Australia for the first time since
borders closed in the pandemic.
The reopening will mean the influx of hundreds of thousands of extra travellers
and a boost in tourism.
Beijing reinstated Australia to the approved list of outgoing group travel
destinations this week.
Federal Tourism Minister Don Farrell said it was welcome news for the industry,
with the extra travellers expected to spend hundreds of millions of dollars in
Australia. In 2019, more than a quarter-of-a-million Chinese holiday makers visited
Australia and spent over half-a-billion dollars as part of Beijing’s approved
destination status scheme.
Adelaide, South Australia