Australia’s resistance to Chinese coercion helped win the trade war, but the international trade organisation’s role should not be underplayed.
, he’ll be able to celebrate a figure that his predecessors could only dream of. Over the past year, China has imported more than $200 billion worth of goods and services from Australia.
Under the Albanese government’s watch, according to Trade Minister Don Farrell, that $20 billion worth of “trade impediments” had been reduced to just $2.5 billion as of September 2023. Trade Minister Don Farrell says that warming relations and the experience of the barley episode mean that Australians can “be very confident that we can resolve all of those outstanding issues”.But Australian resolve only partially explains the removal of the disruptive trade measures.
The Albanese government came to office last year making a point of restoring “calm and consistent” diplomacy. Ministerial visits have gradually resumed, and trade disruptions have eased.A critical ingredient in the restoration of trade ties has been the multilateral trading system, overseen by the World Trade Organisation .
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