Australia anticipates China will lift final obstacle for exports as they ease past 2020 row


Source: ca.finance.yahoo.com ca.finance.yahoo.com

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CANBERRA, Australia (AP) — Australian Trade Minister Don Farrell on Wednesday predicted the final obstacle for exports to China, Beijing’s ban on live lobster imports, will be lifted soon after Chinese Premier Li Qiang visits the country. The return of lobsters to the Chinese market would be a milestone in the Australian government’s ambition to stabilize bilateral relations since coming to power in 2022. China banned minister-to-minister communications with Australia and imposed a series of official and unofficial trade barriers in 2020 on Australian products including beef, barley, coal, wood and wine costing exporters 20 billion Australian dollars ($13 billion)...