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Australia wants trade ties with China to be normalized, but Beijing must first remove the remaining trade curbs, said Australia's assistant minister for trade told CNBC. Canberra is in dialogue with its largest trading partner to drop tariffs on Australian wine imports that were introduced in March 2021. At the peak of diplomatic tensions in 2020 and 2021, Beijing slapped import tariffs on several Australian exports, from wine and red meat to lobsters and timber. "That is a good outcome, but I want to see — and the Australian government wants to see — trade with China return to normal and to be stabilized across the board," Tim Ayres told CNBC's Martin Soong in an interview on the sidelines of the B20 summit in New Delhi over the weekend. "Until we remove all of those impediments, it's not possible to say that the trade is back to normal," Ayres added.
Persons: Tim Ayres, CNBC's Martin Soong, Ayres Organizations: CNBC, Canberra Locations: Australia, China, Beijing, New Delhi
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAustralia's trade with China won't return to normal until restrictions are removed, minister saysTim Ayres, Australia's assistant minister for trade, also discussed the nation's ongoing talks with the EU as well as its critical minerals strategy.
Persons: Tim Ayres Organizations: EU Locations: China
SYDNEY, Jan 20(Reuters) - Australia's Assistant Minister for Trade Tim Ayres called for the removal of China's "trade impediments" on Australian exports in a meeting with his Chinese counterpart on the sidelines of the World Economic Forum, his office said. China's Xinhua news agency earlier reported that Thursday's meeting between Australian and Chinese officials had agreed that trade ministers from the two nations will hold virtual discussions "in the near future." No date has been set for the video meeting between Chinese Commerce Minister Wang Wentao and his Australian counterpart, Don Farrell, it said. "Assistant Minister Ayres raised the importance of cooperation to deliver the outcomes of the World Trade Organization 12th Ministerial Conference, and the removal of current trade impediments affecting Australian exports to China in both countries' interests," a spokeswoman for Ayres said in a statement. Canberra has two complaints at the World Trade Organisation against China's tariffs on Australian wine and barley, and is watching to see if Beijing lifts unofficial trade blockages on other Australian exports.
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