Cattle are seen at a farm in Glenburn, Victoria
China's trade sanctions on Australian exports like rock lobsters and beef could soon be lifted. Image by Con Chronis/AAP PHOTOS
  • international (foreign) trade

China trade bans may lift in ‘very short space of time’

Tess Ikonomou November 5, 2023

Trade Minister Don Farrell expects China will lift its remaining trade sanctions on Australian exports in a “very short space of time”, as the two nations stabilise relations.

China imposed sanctions worth $20 billion on Australian products during the height of diplomatic tensions in 2020.

Only $2 billion worth of sanctions remain on Australian exports, including rock lobsters and beef.

Senator Farrell was speaking in Shanghai on Sunday, where he confirmed he raised the punitive action with his Chinese counterpart Wang Wentao in a meeting the previous night.

“I expect as part of the stabilisation process that’s going on with China … I would expect that in a very short space of time, we will find those products back in the Chinese market,” he told reporters.

“When that will be, I can’t tell you exactly, but all of the indications last night from my meeting with Wang Wentao was that it’s going to be a very positive outcome.”

Beijing is reviewing its bans on Australian wine worth $1.2 billion under a five-month process.

Senator Farrell has accompanied Prime Minister Anthony Albanese to China, where the pair attended the China International Import Expo in Shanghai alongside the representatives of more than 200 Australian businesses.

Mr Albanese, who arrived on Saturday, is the first Australian prime minister in seven years to visit the Peoples’ Republic of China.

He will travel to Beijing on Sunday night and will meet with President Xi Jinping on Monday.