HomeEconomyAustralian trade minister 'delighted' by trade talks in China Economy Australian trade minister 'delighted' by trade talks in China By inew May 13, 2023 0 104 views Share FacebookTwitterPinterestWhatsApp copper +0.% Add to/Remove from Watchlist Add to watch list Add location Location successfully added to: Please name your portfolio type: purchase Sell date: quantity: price Point value: Leverage: 1:1 1: 1: 1: 1: 1: 1: 1: 10 1: 19 Committee: 2022 2019 CREATE NEW WATCHLIST CREATE 10002019 2022 100 create a new portfolio add create500500 8831 + Add Another position closed By Joe Cash BEIJING (Reuters) – Australia’s Trade and Tourism Minister Don Farrell said on Friday, He was “delighted” by the talks with China’s foreign minister in Beijing on removing trade barriers, but added that his visit was just “another step” towards stabilizing relations. Farrell visits the Chinese capital, which is since First visit by Australian Trade Minister since , with the election of a mid-term Labor government easing diplomatic tensions 52. Australian wine, beef, barley, coal, seafood and timber exports to China hit by trade restrictions 100, Australian journalist Cheng Lei was detained in Beijing on national security charges after Australia called for an international investigation into the origins of COVID investigation-, angering Beijing. the visit “is just another step on the road to stabilizing the relationship,” Farrell said at a news conference after the talks. “I’m here to open a path to normalize our trade and economic relationship with China.” Rael, the economies of China and Australia are the two countries that are highly complementary and should focus on the long-term development of economic and trade relations, China’s Ministry of Commerce said in a statement on Saturday. China is willing to work together with Australia to expand areas of cooperation, and hopes that Australia will treat Chinese companies and products fairly and justly. Trade has now fully resumed as tensions eased and Beijing allowed four government-backed companies to ship coal to Australia in January. Australia agreed in April to suspend its case at the World Trade Organization over China’s anti-dumping duties on barley, while China said it would speed up its response to the tariffs. review. But Canberra is still pushing to remove other trade restrictions and stabilize diplomatic relations. exist in the opening speech Joint Ministerial Economic Committee, Farrell told Wang: “We can Seeing the interests of Australian and Chinese businesses and consumers continue to flow out of ChAFTA” 16. “I am pleased to confirm that we have agreed to Increased dialogue under our free trade agreement and other platforms to address the unresolved issues of our problems,” Farrell said after meeting Wang. “We also discussed the World Trade Organization dispute. I was pleased to receive assurances that our agreement was reached and the recent research on barley is still ongoing. “ Farrell said Mr Wang had accepted an invitation to visit Australia. “As I said, the discussions have been very positive and a lot of action has been started. We’ve seen coal come back to China, we’ve seen 400 copper Concentrates are coming back to China, we’ve seen cotton coming back to China.” Farrell said he proposed Cheng Lei consular case and detained Australian blogger Yang Hengjun along with Wang. The Australian minister stated that China has also expressed its desire to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which is the A free trade agreement between some countries in the Pacific region. . ,” Farrell said. Joining the CPTPP requires the approval of all member states, including Australia. 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