Australian lobster production is looking for a new direction

Losing momentum after tensions with China Australia's exports of rock lobsters are worth up to half a billion dollars a year, and during normal relations between the two countries, 94% of these are exported to China. . However, all that changed a few weeks ago, when Beijing imposed an almost complete import ban on Australian lobster in the framework of a "trade war in the dark". "The bans have had a big impact on us. Our income has been significantly reduced," fisherman Fedele Camarda told AFP news agency. Relations between Canberra and Beijing were "in free fall" for much of 2020, with China putting together a list of issues leading to tensions, including Australia's banning Huawei from joining. access to the country's 5G network. Since then, dozens of economic sectors in Australia have been continuously affected by Beijing's import tax policies, with the barley and wine production the hardest hit. It is estimated that the exporters in these sectors could have lost up to $ 2-4 ...