Australia seeks China to lift punitive tariffs on beef and lobster

Published 2024년 3월 29일

Tridge summary

The Australian government is actively working to persuade China to remove punitive tariffs on its beef and lobster exports, buoyed by a recent easing of tariffs on Australian wine. Deputy Trade Minister Tim Ayres is optimistic about progress in lifting the remaining trade barriers, highlighting the importance of diversifying Australia's export markets. This effort follows an improvement in bilateral relations since the Labor Party, led by Anthony Albanese, came to power. The push for tariff removal comes after China imposed trade restrictions on Australian goods in 2020, retaliating against Australia's advocacy for an independent COVID-19 origin investigation and other actions seen as unfriendly by China.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Sydney (Australia), March 29 (EFE).- The Australian government indicated this Friday that it is seeking China to lift the punitive tariffs imposed on its exports of beef and lobster, a day after Beijing lowered taxes on Australian wine. . "I want to see rapid progress in removing the remaining restrictions. I am confident we are making very good progress," Australian Deputy Trade Minister Tim Ayres told reporters in Canberra, while insisting on the need to "diversify" the exports to other countries. In 2020, China increased import rates on Australian beef from 4.8% to between 12 and 25%, then one of the main exporters to the Asian country, while that same year it imposed taxes of 15% on lobster. Ayres' remarks follow today's lifting of punitive tariffs of up to more than 200% imposed on Australian wine under "a change in wine market conditions in China", announced by China on Thursday. Calling this measure "a very positive development", Ayres hoped that his country's wine could ...

Source: Elperiodicodemexico