DIRS.INFO The most relevant business & tech news

☆ Australia confident China will lift all trade blocks next month
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +1 min

Flags of Australia and China are displayed in this illustration picture taken May 11, 2023. REUTERS/Florence Lo/Illustration Acquire Licensing RightsSYDNEY, Nov 15 (Reuters) - Australia said on Wednesday China could lift all its remaining trade blocks by next month as relations between the commodity trade partners stabilise and after Prime Minister Anthony Albanese's visit to Beijing earlier this month. China has lifted most trade blocks imposed amid a 2020 diplomatic dispute after Australia called for an inquiry into the origins of COVID-19. "I remain very confident ... that by Christmas all of these trade impediments will be removed," trade minister Don Farrell told ABC Radio from San Francisco, where he is attending Asia-Pacific Economic Cooperation (APEC) meetings. Farrell said he hoped to resolve the issues over lobster and beef, which related to bio-security rules, ahead of a meeting with Chinese counterpart Wang Wentao in San Francisco.

Persons: Florence Lo, Anthony Albanese's, Don Farrell, Farrell, Wang Wentao, Renju Jose, Sam Holmes Organizations: REUTERS, Rights, China, ABC Radio, Economic Cooperation, Thomson Locations: Australia, China, Beijing, San Francisco, Asia, Sydney

☆ Australia wants to diversify its relationship with China: 'That doesn't mean trading any less'
▼ + stars: | 2023-10-31 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

Australia wants to diversify its trading relationship with China, but that doesn't mean trade flows will slow down, Australian Trade Minister Don Farrell told CNBC. "We want to stabilize our relationship with China... we also want to diversify our relationship," Farrell told CNBC's Martin Soong on the weekend in Osaka, Japan where G7 trade ministers met. "That doesn't mean trading any less with China. But it does mean trading more with the countries with whom we have free trade agreements," he added, citing those in the European Union bloc. Canberra is also in dialogue with its largest trading partner China to drop tariffs on Australian wine imports that were introduced in March 2021.

Persons: Don Farrell, Farrell, CNBC's Martin Soong Organizations: Australian Trade, CNBC, European Union Locations: China, Osaka, Japan, Australia, Canberra, Beijing

☆ Australia, EU trade deal likely years away after talks fail
▼ + stars: | 2023-10-30 | by ( ) edition.cnn.com time to read: +2 min

Canberra — Australia has rejected European Union proposals for a free trade agreement, and a deal is now unlikely to be reached for several years, Australian government ministers said Monday. “I came to Osaka with the intention to finalize a free trade agreement,” Farrell said in a statement. “We just weren’t able to see the EU increase its offer for things like beef, sheep, dairy, sugar enough for us to think that this deal was in Australia’s national interest,” he told ABC Radio. The EU signed a trade deal with New Zealand last year that lowered tariffs for EU exports including clothing, chemicals and cars, and allowed more New Zealand beef, lamb, butter and cheese into the EU. “It’s disappointing the Europeans weren’t willing to put something commercially meaningful on the table,” National Farmers’ Federation President David Jochinke said in a statement.

Persons: Don Farrell, “, ” Farrell, ”, Murray Watt, —, Valdis Dombrovskis, Australia’s Watt, “ It’s, David Jochinke Organizations: Canberra, EU, Australian Trade, Australia, ABC Radio, New Zealand, National Farmers ’ Federation Locations: Australia, Europe, Osaka, New Zealand, Canada, South America, Zealand

☆ Australia says EU trade deal is likely years away after rejecting terms
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: +2 min

The two sides have been negotiating since 2018, with Australia eager to boost agricultural exports by removing EU tariffs and expanding quotas, and Europe likely to gain greater access to Australia's critical minerals industry. "I came to Osaka with the intention to finalise a free trade agreement," Farrell said in a statement. "Negotiations will continue, and I am hopeful that one day we will sign a deal that benefits both Australia and our European friends." Watt said it would be some time before the Australian government and EU leadership would be able to negotiate a deal because of upcoming elections in EU. The EU signed a trade deal with New Zealand last year that lowered tariffs for EU exports including clothing, chemicals and cars, and allowed more New Zealand beef lamb, butter and cheese into the EU.

Persons: Don Farrell, Valdis Dombrovskis, Farrell, Murray Watt, Watt, David Jochinke, Peter Hobson, Gerry Doyle Organizations: CANBERRA, EU, Australian Trade, Australia, ABC Radio, New Zealand, Farmers ' Federation, Thomson Locations: Australia, Europe, Osaka, EU, Australian, New Zealand, Canada, South America, Zealand

☆ Australian trade minister discusses trade ties with China and U.S.
▼ + stars: | 2023-10-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDiversifying our relationship with China doesn't mean trading less with it: Australia trade ministerDon Farrell, Australian trade minister, when asked about managing his country's trade ties with the U.S. and China, said "we can walk and chew gum at the same time."

Persons: Don Farrell Organizations: U.S Locations: China, Australia

☆ Farm groups call on Australia to not sign 'dud' trade deal with EU
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: +2 min

CANBERRA, Oct 23 (Reuters) - Australian farm industry groups on Monday called on the government to not sign a trade deal with the European Union unless it offered much greater market access for Australian agricultural products. Australia, one of the world's biggest exporters of farm goods from wheat and beef to wool and wine, has been negotiating a trade deal with the EU since 2018. "The message from Australian farmers is clear and united: if it's a dud deal, keep the signing pen in your pocket." Farrell said in a statement that he had made it clear that Australia wants a trade agreement with the EU, but not at any cost. While Australia wants access to EU markets for its farm output, much of which is now subject to tariffs and quotas, the EU is likely to gain simplified investment access to Australia's critical minerals industry.

Persons: Don Farrell, Farrell, Fiona Simson, Peter Hobson, Jamie Freed Organizations: CANBERRA, European Union, Trade, EU, National Farmers ' Federation, Livestock Australia, Australia, Reuters, Thomson Locations: Australia, Canberra, Osaka

☆ Australia hopes for China wine breakthrough as deadline nears
▼ + stars: | 2023-10-17 | by ( Kirsty Needham | ) www.reuters.com time to read: +3 min

[1/2] Bottles of Australian wine are seen at a store selling imported wine in Beijing, China November 27, 2020. Australia lodged a complaint over China's tariffs on its wine at the WTO in 2021. Until the tariffs, China was Australia's top wine export market, peaking at A$1.2 billion ($770 million) for the 12 months to January 2020. Officials are unable to comment publicly on a WTO report prior to publication. Australia wanted to take the faster path of negotiating an outcome with China on wine, as it did in the barley dispute.

Persons: Florence, Anthony Albanese, Albanese, Don Farrell, Farrell, Kirsty Needham, Gerry Doyle, Barbara Lewis Organizations: REUTERS, Rights, Canberra, World Trade Organization, Australian, WTO, Trade, China Business Council, Reuters, Thomson Locations: Beijing, China, Australia, Canberra

☆ Australia 'hopeful' on China wine breakthrough as deadline nears
▼ + stars: | 2023-10-17 | by ( ) www.reuters.com time to read: +2 min

Bottles of Australian wine are seen at a store selling imported wine in Beijing, China November 27, 2020. REUTERS/Florence Lo/File Photo Acquire Licensing RightsSYDNEY, Oct 17 (Reuters) - Australian Prime Minister Anthony Albanese said on Tuesday he remained "very hopeful of a breakthrough" in a trade dispute with China over wine tariffs, as a deadline for the publication of a World Trade Organization ruling nears. "I'm very hopeful of a breakthrough that removes the impediments when it comes to wine," Albanese told reporters on Tuesday, noting Australia's wine industry had substantial exports to China before the tariffs were imposed in 2020. Officials are unable to publicly comment on a WTO report until it is published. Australia last month rejected China's proposal for a "packaged solution" that would tie the wine dispute to those about duties on Australian imports of Chinese steel.

Persons: Florence, Anthony Albanese, Albanese, Don Farrell, Farrell, Kirsty Needham, Gerry Doyle Organizations: REUTERS, Rights, Australian, World Trade Organization, WTO, Trade, Sky News, COVID, Trans, Pacific, Thomson Locations: Beijing, China, Australia

☆ Taiwan lobbies Australian lawmakers on supporting its bid for Pacific trade pact
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +2 min

TAIPEI, Sept 26 (Reuters) - Taiwan President Tsai Ing-wen on Tuesday called on Australia to support its bid to join a pan-Pacific free trade pact during a meeting with a group of visiting Australian lawmakers. The CPTPP is a landmark trade pact agreed upon in 2018 by 11 countries including Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. "We look forward to the continued strengthening of economic and trade cooperation between Taiwan and Australia," Tsai said in comments released by her office. "We also hope that the Australian government and parliament will support Taiwan's accession to the CPTPP to jointly promote economic growth and sustainable development of the Indo-Pacific region." "Protecting the free and open Indo-Pacific region is the common goal of Taiwan and Australia."

Persons: Tsai Ing, Tsai, Don Farrell, Ben Blanchard, Kirsty Needham, Gerry Doyle Organizations: Trans, Pacific, Taiwan, Australian Trade, Thomson Locations: TAIPEI, Taiwan, Australia, China, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, Vietnam, Britain, Taipei, Sydney

SYDNEY, Aug 24 (Reuters) - Australia's Trade Minister Don Farrell has dangled easier access to the country's vast critical minerals sector as part of negotiations over a free trade agreement with the European Union ahead of possible further talks as soon as next week. Farrell told Reuters in an interview on Thursday that a free trade agreement would simplify European investment in the country's burgeoning critical minerals sector, in part by smoothing access through mandatory Foreign Investment Review Board (FIRB) screening. "One of the big advantages we've got in this relationship is our access to critical minerals, rare earths, hydrogen and ammonia," Farrell said. "Other countries are looking to invest in our critical minerals and other renewables. Australia was an especially attractive place for critical minerals investment from the United States under U.S. Inflation Reduction Act rules because it was one of the few countries to have both mineral deposits and a free trade agreement with the U.S., said Farrell.

Persons: Don Farrell, Farrell, China, we've, they've, Annalena Baerbock, teleconference, Dombrovskis, Lewis Jackson, Kirsty Needham, Michael Perry Organizations: SYDNEY, Australia's Trade, European Union, Reuters, Investment, Board, Foreign, U.S, EU, Trade, Thomson Locations: Australia, Germany, China, Sydney, Europe, Japan, South Korea, Singapore, United States

☆ China loosens its pandemic-era ban on citizens joining group tours abroad
▼ + stars: | 2023-08-11 | by ( ) edition.cnn.com time to read: +4 min

CNN —China has lifted pandemic-era restrictions on group tours for more countries, including key markets such as the United States, Japan, South Korea and Australia, in a potential boon for their tourism industries. Prior to the pandemic, mainland Chinese tourists spent more than any other country’s tourists when abroad, clocking up a combined $255 billion in 2019 with group tours estimated to account for roughly 60% of that. Just how much outbound Chinese tourism will bounce back for the latest group of countries remains to be seen. “The opening of group travel from China to the U.S. is a significant milestone,” said Adam Burke, head of the Los Angeles Tourism and Convention Board. China has never publicly acknowledged limiting group tours to South Korea.

Persons: Gina Raimondo, –, Fumio Kishida, ”, Don Farrell, Steve Saxon, Adam Burke, “ Organizations: CNN, US Commerce Department, Japanese, Trade, Tourism, Weibo, McKinsey & Co, “, Los Angeles Tourism, Reuters Locations: China, United States, Japan, South Korea, Australia, Germany, Canada, Thailand, Russia, Cuba, Argentina, Nepal, France, Portugal, Brazil, Xinjiang, Los Angeles, U.S

Travellers walk past an installation in the shape of five stars, at Beijing Daxing International Airport in Beijing, China April 24, 2023. REUTERS/Tingshu Wang/file photoBEIJING, Aug 10 (Reuters) - China has lifted pandemic-era restrictions on group tours for more countries, including key markets such as the United States, Japan, South Korea and Australia in a potential boon for their tourism industries. Just how much outbound Chinese tourism will bounce back for the latest group of countries remains to be seen. Shares in firms in the latest group of countries with large exposure to Chinese travel demand jumped on the news. China has never publicly acknowledged limiting group tours to South Korea.

Persons: Tingshu Wang, Fumio Kishida, Don Farrell, Steve Saxon, Casey, Sophie Yu, Joyce Lee, Jamie Freed, Edwina Gibbs Organizations: Beijing Daxing International, REUTERS, Japanese, Trade, Tourism, Weibo, McKinsey & Co, South, Grand Korea, Reuters, Casey Hall, Thomson Locations: Beijing, China, BEIJING, United States, Japan, South Korea, Australia, Germany, Britain, Canada, Thailand, Russia, Cuba, Argentina, Nepal, France, Portugal, Brazil, Xinjiang, South Korean, U.S, Shanghai, Seoul

☆ Australia urges China to remove all trade restrictions after barley tariffs lifted
▼ + stars: | 2023-08-07 | by ( Clement Tan | ) www.cnbc.com time to read: +2 min

Don Farrell Australian trade minister"We always saw the barley application and the suspension of the barley application before the [World Trade Organisation] as a template for dealing with the wine issue," he said. "And of course, we're extremely confident that the 220% tariffs that were applied to Australian wine will be removed." Thawing tensionsIn April, Australia agreed to "temporarily suspend" its World Trade Organization complaint against China for its 2020 decision to impose 80.5% duties on Australian barley trade that was once worth about 1.5 billion Australian dollars ($988.1 million). Vcg | Visual China Group | Getty ImagesOn Monday, Farrell said a "range of factors" were at play, with Chinese beer consumers and barley importers "very strongly in favor" of reintroducing Australian barley. Since then, Australia's foreign minister Penny Wong and trade minister Farrell have visited Beijing and have had direct meetings with their direct counterparts.

Persons: Don Farrell, Farrell, Xi Jinping, Anthony Albanese, Penny Wong Organizations: World Trade, World Trade Organization, Chinese Commerce Ministry, Nantong, Trade Zone, Visual China, Australian Locations: Australia, China, Beijing, Nantong, Jiangsu Province, Bali

☆ CNBC Daily Open: A good economy doesn’t mean positive markets
▼ + stars: | 2023-08-07 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Prices were pumped up by an attack on a Russian oil export hub and Saudi Arabia's extension of its oil production cut. Tear down this tariffAustralia wants China to remove all trade barriers between both countries, the country's Trade Minister Don Farrell told CNBC on Monday. [PRO] Upsides amid a China downgradeMorgan Stanley downgraded the MSCI China, an index that represents a range of mainland Chinese large- and mid-cap stocks.

Persons: nonfarm payrolls, That's, Dow Jones, Wall, Brent, Don Farrell, Farrell's, Morgan Stanley Organizations: CNBC, Federal, U.S, Nasdaq, Japan's Nikkei, West Texas, country's Trade Locations: New York City, Asia, Pacific, Shanghai, Saudi, Australia, China, Beijing, Bali

☆ Australia calls for China to end trade curbs as barley tariffs lifted
▼ + stars: | 2023-08-04 | by ( Lewis Jackson | Dominique Patton | ) www.reuters.com time to read: +4 min

Australian Trade Minister Don Farrell said on Friday that Chinese restrictions affecting roughly A$20 billion of annual trade as of last May had shrunk to hit about A$2 billion of exports. The U.S. Trade Representative’s office, which has sided with Australia in the trade dispute, declined to comment on China’s move to reduce barley tariffs. FILE PHOTO: Bottles of Australian wine are seen at a store selling imported wine in Beijing, China November 27, 2020. Wine producer Treasury Wine Estate’s shares reversed earlier declines to close 2.7% following the barley decision against an otherwise flat market. Chinese buyers had turned to Canada, France and Argentina to replace Australian barley supplies over the last three years, while Australian sellers shifted exports to feed barley markets in the Middle East.

Persons: Don Farrell, ” Farrell, Anthony Albanese, Florence, Lee McLean, Dennis Voznesenski, ”, Colin Bettles Organizations: SYDNEY, China’s Ministry of Commerce, World Trade Organization, Australian Trade, Labor, U.S . Trade, REUTERS, Wine, WTO, Rabobank, “, Grain Producers Australia Locations: BEIJING, Australia, normalisation, China’s, Canberra, China, Beijing, Canada, France, Argentina

☆ China to lift tariffs on Australian barley after 3 years
▼ + stars: | 2023-08-04 | by ( ) www.reuters.com time to read: +2 min

China and Australia agreed in April to resolve their dispute over barley imports, with Canberra to suspend a case at the World Trade Organization (WTO) over Beijing's anti-dumping and countervailing duties on barley, while China promised to speed up a review into the tariffs. Australian Trade Minister Don Farrell said on Wednesday that he was expecting a positive outcome within days. The tariffs will be dropped starting on Saturday, China's Ministry of Commerce said, citing a changing situation in China's barley market without providing further details. Beijing implemented tariffs totalling 80.5% on Australian barley in May 2020, wiping out imports of the grain by the world's biggest beer market, worth as much as A$2 billion ($1.31 billion) a year. Those trade flows are likely to shift again after China drops the tariffs, with its barley buyers expected to begin purchases of the new Australian crop harvested in October for arrival by year-end.

Persons: Jonathan Barrett, Don Farrell, Dominique Patton, Kim Coghill, Jamie Freed Organizations: REUTERS, China's Ministry of Commerce, World Trade Organization, Australian Trade, Labor, WTO, Reuters Graphics Reuters, Beijing, Thomson Locations: Moree, New South Wales, Australia, BEIJING, China, Canberra, Beijing, Canada, France, Argentina

☆ Australia PM's Germany, NATO trip to focus on trade, security
▼ + stars: | 2023-07-09 | by ( ) www.reuters.com time to read: +2 min

SYDNEY, July 9 (Reuters) - Trade and security will be priorities for Australian Prime Minister Anthony Albanese on a trip this week to meet German Chancellor Olaf Scholz and attend a NATO summit in Lithuania, Albanese's office said. Australia is not a member of NATO but has a decades-long relationship with the Western alliance and attended last year's summit in Madrid as a non-member participant. "Alongside our NATO allies, Australia continues to demonstrate our unwavering support for Ukraine, and our condemnation of Russia’s illegal and immoral invasion," Albanese said in the statement. Last month, Australia promised a new A$110 million ($74 million) package to Ukraine, including 70 military vehicles to defend against Russia's invasion, taking Australia's total contribution for Ukraine to A$790 million ($530 million). Also this week, Australian Trade Minister Don Farrell will travel to Brussels, seeking to advance stalled talks for a free trade agreement between Australia and the EU.

Persons: Anthony Albanese, Olaf Scholz, Scholz, " Albanese, Don Farrell, Valdis, Janusz Wojciechowski, Farrell, Sam McKeith, William Mallard Organizations: SYDNEY, Australian, NATO, Labor, Atlantic, Organization, Ukraine, Australian Trade, EU, European Union, Reuters, Trade, Agriculture, Thomson Locations: Lithuania, Australia, Germany, Lithuanian, Vilnius, Madrid, Russia, Ukraine, Brussels, Sydney

☆ Australian prime minister's visit to China to be locked in at 'appropriate time'
▼ + stars: | 2023-06-25 | by ( ) www.reuters.com time to read: +1 min

SYDNEY, June 25 (Reuters) - Australian Prime Minister Anthony Albanese said on Sunday that he would set the date for a China visit at an "appropriate time" as he stressed the importance of bilateral trade and expressed concerns about an Australian journalist detained in Beijing. Talks are under way about a visit by Albanese to China as Australia's centre-left Labor government pushes to end unofficial Chinese bans and tariffs placed on some Australian products in 2020 during a lowpoint in diplomatic relations. Australia continued to advocate for the removal of any impediments to trade between the "two great nations", Albanese added. China in May said it was set to resume imports of Australian timber days after Trade Minister Don Farrell returned from a trip to Beijing. A visit by Foreign Minister Penny Wong in December was followed weeks later by the resumption of coal shipments.

Persons: Anthony Albanese, Albanese, Cheng Lei, it's, Don Farrell, Penny Wong, Sam McKeith, David Gregorio Our Organizations: SYDNEY, Australian, Labor, NATO, Vilnius, Sky News, Trade, Foreign, Thomson Locations: China, Beijing, Lithuanian, Australia

☆ Australia talks tough on EU trade - FT
▼ + stars: | 2023-06-07 | by ( ) www.reuters.com time to read: +1 min

June 7 (Reuters) - Australia's trade minister Don Farrell has warned the European Union that he will not sign on a trade deal unless the bloc opens its market to more Australian farm products, the Financial Times reported on Wednesday. Farrell said an agreement with the bloc was possible only if the EU backed down on its demands not to expose its farmers to competition, the report said. In May when China's imports from major trade partners including the United States, Japan and South Korea shrank, its purchases from Australia rose 5.4%, according to Reuters' calculations based on Beijing's customs data. Farrell on Tuesday told Sky News that the two countries have set out a pathway to resolve all remaining trade restrictions during a recent meeting in Beijing. Reporting by Jose Joseph in Bengaluru and Ellen Zhang in Beijing; Editing by Kim Coghill and Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

Persons: Don Farrell, Farrell, Jose Joseph, Ellen Zhang, Kim Coghill, Chizu Organizations: European Union, Financial Times, Australia, Sky News, Thomson Locations: EU, Australia, China, United States, Japan, South Korea, Beijing, Bengaluru

☆ China is a threat but talks must continue: Germany, Canada, Australia
▼ + stars: | 2023-06-05 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +5 min

Germany's Defense Minister Boris Pistorius was part of the the Shangri-la Dialogue, Asia's largest security forum, over the weekend. Decoupling from China is not an option, but finding a path to de-risk and reduce dependencies is important, Germany's Defense Minister Boris Pistorius told CNBC's Sri Jegarajah at the event. Australia's Trade Minister Don Farrell told CNBC in April that he's hopeful other tariffs put in place could be removed as well. China seen as a 'disruptive power'China is an "increasingly disruptive power" to peace in the region, Anita Anand, Canada's defense minister said, told CNBC. Speaking at the event Sunday, China's defense minister addressed the issue.

Persons: Boris Pistorius, CNBC's, Pistorius, That's, Richard Marles, Marles, Don Farrell, Anita Anand, Anand, we'll, Li Organizations: Germany's, Getty, SINGAPORE, CNBC, CNBC's Sri, World Trade Organization, China, Australia's Trade Locations: Australia, Canada, Germany, Singapore, China, CNBC's Sri Jegarajah, Canberra, Beijing, Taiwan

☆ Australian minister discusses China's Australia barley tariffs
▼ + stars: | 2023-05-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're hopeful for a favorable decision on China's Australia barley tariffs: Australian ministerDon Farrell, Australian minister for trade and tourism, says "these issues didn't occur overnight, they're not going to be resolved overnight, but my sense is … that there's a feeling of goodwill between the two countries."

☆ Australia trade minister flies to China to lobby for 'full' restoration of exports
▼ + stars: | 2023-05-12 | by ( Michelle Toh | ) edition.cnn.com time to read: +3 min

Trade Minister Don Farrell arrived in Beijing on Thursday for a three-day visit to meet with his counterpart, Wang Wentao, according to the Chinese commerce ministry. It’s the first visit to China by an Australian trade minister since 2019. “I will be advocating strongly for the full resumption of unimpeded Australian exports to China — for all sectors — to the benefit of both countries,” he added. As a result, Australian exports to China fell by 13% in 2022, compared to the previous year, according to Chinese customs data. In March, Australia’s exports to China hit a record high, with the value of shipments reaching 19 billion Australian dollars ($12.8 billion).

Copper ore and concentrate imports are likely to resume if the talks go well, according to an official surnamed Wang at a Chinese copper smelter, who said smelters want extra supply from Australia. Australian copper accounted for just 5% of Chinese imports in 2019 but is an important source of supply in what is expected to become a tight global market. Australian copper returns to ChinahereChinese customs data showed 10kg (22.05 lb) of copper ore and concentrate in the first quarter of this year, roughly the same as 2022. China imported just over one million tonnes of copper ore and concentrate from Australia in 2019, according to customs data. Australian trade data showed A$78,000 worth of barley exports to China in January, the first since November 2020.

REUTERS/Siyi LiuAustralian trade data shows exports worth A$60.5 million ($41.04 million) of copper ore and concentrate to China in January, though the cargoes have not appeared in Chinese customs data. It was the first month of exports since December 2020, Australian data showed. Copper ore and concentrate imports are likely to resume if the talks go well, according to an official surnamed Wang at a Chinese copper smelter, who said smelters want extra supply from Australia. China imported just over one million tonnes of copper ore and concentrate from Australia in 2019, according to customs data, worth about $1.67 billion at the time. Australian trade data showed A$78,000 worth of barley exports to China in January, the first since November 2020.

☆ Australian journalist nears 1,000 days in detention in China on state secrets charge
▼ + stars: | 2023-05-09 | by ( Kirsty Needham | ) www.reuters.com time to read: +3 min

read moreHer arrest by state security in September 2020 came as China widened blocks on Australian exports amid a diplomatic dispute, but the barriers are falling now, with a visit by Australian Trade Minister Don Farrell planned. China has previously said Australia should respect China's judicial sovereignty, adding that her legal rights were being upheld. Foreign Minister Penny Wong said Cheng had shown "great resilience and courage", and the Australian government was concerned by the delay. Born in China, Cheng moved with her scientist parents to Australia as a 10-year-old. "No light has been shed on the allegations" against Cheng after three years, said former trade minister Simon Birmingham, whom she interviewed on his visits to China.

Search resuls for: "Don Farrell"

25 mentions found