Wine, Lobsters Could Be Next in China-Australia Trade Thaw
- Curbs on Australian commodities may lift in unofficial manner
- Wine producers to be cautious about re-entering China market
This article is for subscribers only.
China’s trade restrictions on Australian wine, lobsters and other commodities could be the next to ease amid a warming of diplomatic ties and expectations that Beijing will soon resume imports of coal.
Curbs on commodity imports will probably be eased gradually and in an unofficial manner, said Hans Hendrischke, professor of Chinese Business and Management at the University of Sydney. While there’s some confidence that restrictions will be lifted, there’s currently no indication of timing, he said.