Australian business and China’s state media have welcomed improved trade ties despite ongoing security concerns.
| Big business says ministerial trade talks with China will pave the way for a pick-up in commercial activity, and result in an easing of Beijing’s sanctions on some Australian exports.
Trade Minister Don Farrell speaks to China’s Minister of Commerce Wang Wentao via teleconference on Monday.China said after the meeting that it wanted to work with Australia to bring bilateral economic and trade ties back on track.
“China is our largest trading partner. There is a lot that Australia obviously gains economically from the trading relationship that we have with China and we have been very respectful of that in the comments that we’ve consistently made that we want to see a more productive relationship with China,” he said.
China imposed restrictions on $20 billion worth of Australian exports in 2020 after the Morrison government called for an international inquiry into the origins of COVID-19. It has started allowing some shipments of Australian coal back into the country this year, and officials have indicated Australian seafood could also be accepted in China again. However, restrictions remain on other goods such as wine and barley., Australia has not yet been caught up in the diplomatic fallout.
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