Chinese Premier Li toasts warming trade ties in Australia

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Chinese Premier Li toasts warming trade ties in Australia
China
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SYDNEY: Chinese Premier Li Qiang mixed a dash of "panda diplomacy" with a visit to a historic vineyard on Sunday (June 16) to celebrate a thaw in once-icy trade ties with Australia.

Wang Wang the panda eats a box in front of China 's Premier Li Qiang at Adelaide Zoo on June 16, 2024 in Adelaide, Australia . SYDNEY: Chinese Premier Li Qiang mixed a dash of"panda diplomacy" with a visit to a historic vineyard on Sunday to celebrate a China is by far Australia 's biggest trading partner, taking in nearly 30 percent of its exports last year including major commodities iron ore and coal.

Wong said her own children would be"very happy" at the news, which she welcomed as a"symbol of goodwill". Those sanctions cost Australian exporters an estimated US$13 billion a year, including almost US$700,000 for the wine industry. China's growing clout in the South Pacific, where it seeks to expand security and economic ties with island states traditionally allied with Australia, remains a notable point of tension.

"Mutual respect, seeking common ground while shelving differences and mutually beneficial cooperation" are key to the relationship, Li said on his arrival in Adelaide on Saturday.

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