Australian lobster farmers and winemakers are attracting interest from Chinese importers, the first sign of a potential withdrawal of $20 billion in trade strikes from Beijing
Australian lobster farmers and winemakers are attracting renewed interest from Chinese importers and distributors, the first sign of a potential withdrawal of $20 billion in trade sanctions that have crippled industries and dominated three years of economic disputes with Beijing.
“Many of the hard issues in the relationship will take time to resolve in our interests,” she said before leaving Canberra on Tuesday. “Speculation about outcomes obviously has implications for leverage, and I am certainly not interested in giving any country leverage other than Australia.”Speaking from Hong Kong, Olsson said until the federal election in May, Chinese businesses did not feel they had permission to engage as deeply with their Australian counterparts as they would have liked.
Olsson said several members in sanctioned sectors including crustaceans and wine have received renewed interest from Chinese importers and distributors for their products.“It’s not yet translating into real economic activity. One hopes that if something happens tomorrow, that might then provide the impetus for further change and for things to start flowing again.”
The Australian government has maintained that China’s complaint to the WTO over steel anti-dumping measures is without merit and that its trade sanctions on Australia were a form of economic coercion due to its positions on human rights and national security.
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