Australia Aims for Normalized Trade with China, Pending Removal of All Trade Restrictions

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Source: CNBC
Australia Aims for Normalized Trade with China, Pending Removal of All Trade Restrictions
Photo: CNBC
TL;DR Summary

Australia is seeking normalized trade ties with China, but insists that Beijing must first remove all remaining trade curbs. The two countries have been engaged in dialogue to lift tariffs on Australian wine imports, which were imposed in March 2021. Australia wants trade with China to return to normal and stabilize across all sectors. While Beijing recently lifted tariffs on Australian barley imports, Australia temporarily suspended its WTO complaint against China. Both countries recognize the importance of a rules-based approach to trade and the need for further progress in their trade relationship.

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