China Trade Pact Set to Deliver Relief for Australian Coal Mines
This article is for subscribers only.
A free trade agreement with China, the world’s biggest coal consumer, is set to bring some relief to struggling producers in Australia.
China is expected to exempt the miners from import tariffs as part of the new trade accord, according to HSBC Holdings Plc. Chinese President Xi Jinping is scheduled to address Australia’s parliament in Canberra today when the agreement is scheduled to be announced.