China Lifts Ban on Australian Beef Exporters Amid Trade Thaw

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Source: CNN
China Lifts Ban on Australian Beef Exporters Amid Trade Thaw
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TL;DR Summary

China has lifted bans on imports from five major Australian beef processing facilities, signaling improving relations between the two countries. The bans, imposed between 2020 and 2022, were part of broader trade restrictions following Australia's call for a COVID-19 origin investigation. The removal of these restrictions is expected to boost Australian beef shipments to China, which is Australia's second-largest beef export market. However, some trade barriers, including a ban on Australian lobsters, remain.

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