Albanese sent a strong signal to China that it should end import restrictions if it wants to join the $13 trillion regional free trade pact.
Prime Minister Anthony Albanese has hailed a Chinese pledge to engage in fair trade after years of friction over bans on Australian products, but has warned that China must meet “high standards” if it wants to join a powerful regional trade pact.
The free trade agreement has its roots in a US-backed Trans-Pacific Partnership, developed in part to counter China’s growing economic dominance, with members including Australia, Japan, Vietnam and Singapore. “China will always stand on the right side of history,” Li told the trade fair in Shanghai, adding that this meant upholding the global trading system and the World Trade Organisation.Trade Minister Don Farrell was confident that remaining barriers to lobster and beef exports would be removed “in a very short space of time”, based on his talks with his Chinese counterpart Wang Wentao.
Shortly before his departure for Beijing, Albanese held up a lobster at the trade show, in a message to China that the bans should be lifted.
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