China will lift its four-year ban on lobster imports from Australia by the end of this year

Australia is one of China's largest lobster suppliers, and exports fell after Australia called for an independent investigation into the source of the new coronavirus, which led to a deterioration in diplomatic relations. In 2020, China imposed high tariffs on major Australian imports, including lobster. The statement said: "Thanks to our patient and thoughtful measures, we have resumed trade with our largest export partner. We are working to gradually eliminate all trade barriers. We have agreed with Premier Li on a timetable for resuming lobster trade by the end of this year, which will be before the Chinese New Year." According to the document, the Australian lobster industry has lost more than 20 billion Australian dollars (about 13.4 billion US dollars) due to export restrictions. In 2020, then-Australian Prime Minister Prime Minister Morrison banned Huawei from participating in the construction of Australia's 5G network on the grounds of maintaining national security, and ...