Trade Minister Don Farrell has predicted the final obstacle for Australian exports to China - Beijing's ban on live lobster imports - will be lifted soon after Chinese Premier Li Qiang visits the country.
Farrell said Li becoming the first Chinese premier to visit Australia in seven years on Saturday would remove the final trade barrier on lobsters. "I'd be very confident that the visit this week will result in a very successful outcome for lobster producers," Farrell said. "That has been important for Australia to renew that trade, because one in four of Australian jobs relies upon trade, and one in four of Australian export dollars is from trade to China," Albanese said.
Australia provided almost 40 per cent of China's imported wine and was a market worth $1.24 billion a year to exporters before tariffs all but ended the trade in 2020.
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Source: FinancialReview - 🏆 2. / 90 Read more »