Australia is hopeful of breakthroughs on the sale of timber, wine and dairy to Chinese consumers. Read more at straitstimes.com.
SYDNEY - Australian and Chinese officials will meet in the coming days to discuss a relaxation of trade restrictions after Commerce Minister Wang Wentao signalled that relations are set to improve further.
Mr Farrell also said he’s hopeful of breakthroughs on the sale of timber, wine and dairy to Chinese consumers. The punitive trade actions extended to lucrative agricultural exports including wine, barley and lobsters. Mr Farrell said he had been told separately that Australian dairy company Bulla had received its first Chinese order in a couple of years, and he was hopeful for a relaxation of high tariffs on Australian wine.
Mr Farrell said he will continue negotiations on a full free trade agreement between Australia and India, following up on an interim deal signed in April 2022 under the previous government.
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