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China-Australia bilateral trade up 16pc in first six months of 2023
来源：shippingazette 编辑：编辑部 发布：2023/07/21 16:42:58
CHINA-AUSTRALIA bilateral trade reached CNY800 billion (US$111.7 billion), up 16.4 per cent year on year between January and June, indicating a steady improvement in economic relations, while efforts to address trade matters, including tariffs on barley, remain in progress.
Data released by the General Administration of Customs of China show an upbeat trend for major products such as iron ore and coal. Full-year imports of Australian coal are expected to reach 30 to 40 million tonnes, a new high since relations soured, Zhang Feilong, an industry analyst, told the Global Times of China.
Speaking at a regular press conference last week, Shu Jueting, spokesperson of the Ministry of Commerce (MOFCOM) said that the ministry is willing to work with Australia to continue to properly resolve economic and trade concerns in the spirit of dialogue, consultation and cooperation.
In April, under the framework of the WTO, China and Australia conducted friendly consultations on a dispute over double countermeasures against barley and reached a consensus, reflecting the spirit of mutually beneficial cooperation, the spokesperson said.
The MOFCOM began a review of anti-dumping and anti-subsidy measures over Australian barley at the request of relevant domestic industries, Ms Shu said.
China is willing to properly resolve economic and trade concerns with Australia while jointly promoting the development of bilateral economic and trade relations, Ms Shu said.
Bilateral tensions have eased since the leaders of both countries met in Bali, Indonesia in November, paving the way for the recovery of bilateral economic and trade relations, which hit the lowest ebb in decades under the previous Morrison government.
Amid improved relations, exports of Australian coal gradually resumed and picked up, and timber shipments resumed in May. Other products such as beef are also coming to China.
Data released by the General Administration of Customs of China show an upbeat trend for major products such as iron ore and coal. Full-year imports of Australian coal are expected to reach 30 to 40 million tonnes, a new high since relations soured, Zhang Feilong, an industry analyst, told the Global Times of China.
Speaking at a regular press conference last week, Shu Jueting, spokesperson of the Ministry of Commerce (MOFCOM) said that the ministry is willing to work with Australia to continue to properly resolve economic and trade concerns in the spirit of dialogue, consultation and cooperation.
In April, under the framework of the WTO, China and Australia conducted friendly consultations on a dispute over double countermeasures against barley and reached a consensus, reflecting the spirit of mutually beneficial cooperation, the spokesperson said.
The MOFCOM began a review of anti-dumping and anti-subsidy measures over Australian barley at the request of relevant domestic industries, Ms Shu said.
China is willing to properly resolve economic and trade concerns with Australia while jointly promoting the development of bilateral economic and trade relations, Ms Shu said.
Bilateral tensions have eased since the leaders of both countries met in Bali, Indonesia in November, paving the way for the recovery of bilateral economic and trade relations, which hit the lowest ebb in decades under the previous Morrison government.
Amid improved relations, exports of Australian coal gradually resumed and picked up, and timber shipments resumed in May. Other products such as beef are also coming to China.