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The Latest Breaking News from Trade

Normalising China-Australia trade will take more than a political fix

More than three years since China first blocked a range of Australian imports in a political dispute, restrictions are easing, but reviving trade is proving more challenging than stopping it in the first place.

Reuters

Any concession on prosecco, feta an economic 'disaster'

Naming rights for prosecco and cheese should not be open to negotiation as Australia and the EU wrangle to secure a free trade deal, the coalition says.

AAP

Australia suspends WTO case against China on barley tariffs

Australia has suspended a complaint to the World Trade Organization in a bid to reopen the Chinese market to Australian barley for the first time in three years

The Independent UK

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Breakthrough in Australia, China barley trade dispute

China has agreed to undertake an expedited review of trade impediments on Australian barley after Australia paused its World Trade Organisation proceedings.

The New Daily

Breakthrough in drawn-out trade dispute with China

China has agreed to undertake a review of trade restrictions on Australian barley after the federal government paused its World Trade Organisation case.

AAP

Predicted 0.08% boost from UK-Asia trade deal could be overestimate

Trade department used different approach to estimating economic boost which ‘generates larger estimated GDP impacts’

The Independent UK

CPTPP: is trade deal first sign of Brexit’s sunlit uplands?

The Government struck a deal to join an 11-member Asia-Pacific trade bloc last week, a step hailed by No. 10 as an example of Britain seizing its “post-Brexit freedoms”.

The Week

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Australia, China officials meet over trade sanctions

A round of trade talks is being held between Australian and Chinese officials as Canberra works to ease diplomatic tensions with Beijing.

The New Daily

Pacific trade deal is more useful to Joe Biden than it is to the UK’s economy

Hailed by Tory MPs as a Brexit benefit, CPTPP membership actually turns the UK into a willing pawn in Washington’s geopolitical game

The Guardian - UK

Forget Brexit pain and back our Pacific trade deal, urges minister

Critics say the deal involving 11 countries including Australia, Canada and Japan doesn’t compensate for the blow of leaving the EU

Evening Standard

UK agrees to join trans-Pacific trade partnership

Critics say the impact will be limited, with official estimates suggesting it will add less than 1% to UK GDP

Evening Standard

Albanese optimistic on Chinese trade sanctions

Prime Minister Anthony Albanese says he's still hopeful of clearing Chinese trade sanctions on Australian goods.

The New Daily

PM hopeful of movement on Chinese trade sanctions

Australia is hoping to take another step in the reduction of trade sanctions imposed by Beijing as an assistant minister prepares to head to China.

AAP

Export boost near after UK trade pact clears hurdle

Britain has moved one step closer to ratifying the free trade agreement with Australia, paving the way for tariffs to be cut and business access expanded.

AAP

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The New Daily

Wong lobbies Chinese counterpart over trade, Ukraine

Australia has warned China against supplying weapons to Russia at the G20 meeting as the US reportedly lobbies allies to sanction Beijing if it aids Moscow.

Bangkok Post

BYD plans second Asean EV plant

The Philippines, Vietnam and Indonesia are competing to host another Southeast Asian electric-vehicle assembly plant for BYD Co, the world’s second-largest maker of EVs, according to a Philippine trade and investment official.

AAP

Swedish queen-in-waiting spearheads Aussie trade talks

Sweden's Crown Princess Victoria and husband Prince Daniel are making an official visit to Australia, with stops in Canberra and Sydney.

The New Daily

‘Next phase’: Australian coal arrives in China, sparking optimism about trade revival

Optimism is building that a spate of trade sanctions imposed on Australian exports by China will be lifted in coming months.

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Reuters

China-Australia lobster trade ban could be set to lift - ABC

Australia's A$750 million ($521.78 million) lobster trade with China could be on the verge of restarting after more than two years of unofficial bans, state broadcaster ABC reported on Thursday, citing a licence application that was not rejected immediately.

ABC News

Australia's live rock lobster trade with China hoped to restart

Lobster exporters are trying to resuscitate a lucrative trade deal with China after it ground to a halt in late 2020.

AAP

First coal shipments to China stokes trade optimism

Trade Minister Don Farrell has welcomed improvement in relations with Beijing as Australia's first coal shipments in years await Chinese clearance.

Daily Mirror

Rishi Sunak's Cabinet reshuffle in full as Zahawi replaced and 4 new departments created

The Prime Minister was forced to shake up his Cabinet after sacking Tory chairman Nadhim Zahawi in a row over his tax affairs

The Independent UK

China-Australia trade ministers hold 1st meeting since 2019

Australian and Chinese trade ministers are holding their first bilateral meeting since 2019 as Australia urges China to lift barriers that are costing exporters $14 billion a year

ABC News

Beijing invites trade minister to China, says it won't back down on 'principled' issues

China's Wang Wentao and Trade Minister Don Farrell could soon meet face-to-face, but both sides are playing down hopes of a swift end to thorny trade issues.

AAP

Australia urges calm over Chinese 'weather' balloon

Foreign Minister Penny Wong insists a diplomatic clash between the US and China over a suspected spy balloon won't derail upcoming talks involving Australia.

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