Australia is on the verge of finalizing a protocol for beef tripe trade with China, which could potentially generate up to $400 million in revenue annually. This deal, which has been under discussion for nearly two decades, is significant due to the nutritional value of tripe and its role in China's food security strategy. The Department of Agriculture, Fisheries and Forestry, along with Cattle Australia and other industry stakeholders, are actively engaged in discussions with their Chinese counterparts to ensure compliance with China's requirements and to establish Australia as a preferred beef trading partner.