Here's how people and exports could be impacted by Australia's new and improved relationship with China.
Prime Minister Anthony Albanese's China visit this month was packed with photo opportunities and broad diplomatic statements. But determining the precise benefits for Australians and Chinese of any deals made may take some reading between the lines. Albanese described high-level talks with Xi Jinping as "very successful", while his visit was hailed by the Chinese president as ushering in a new era in relations after several years of turmoil .
Tariffs on Australian lobster and beef remain in the government's sight. China has expressed interest in joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership — a trade agreement involving Australia, Canada, Japan and others. But experts say it's ultimately unlikely to happen. Australia's official line has been that China, or any country wanting to join, needs to meet the highest standards of the trade deal.
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