After a virtual meeting, China’s Commerce Minister Wang Wentao invited his Australian counterpart Dan Farrell to China for a face-to-face meeting on Monday.
(Photo: AP)
Beijing After a long ice age, economic and trade relations between China and Australia are starting to feel their way. After a virtual meeting, China’s Commerce Minister Wang Wentao invited his Australian counterpart Dan Farrell to China for a face-to-face meeting on Monday.
Previous exchanges between the two had been “professional, pragmatic and open,” according to a statement circulated in Beijing. “This meeting is a significant step towards getting China-Australia economic and trade relations back on track,” Wang said.
The People’s Republic is ready to restart and expand dialogue with Australia on economic and trade issues – for example climate protection and renewable energies.
Relations between the two countries have been strained for some time. One reason for this is China’s growing influence in the Indo-Pacific region, which the West wants to counter.
On the other hand, the leadership in Beijing is skeptical of security checks on Chinese companies’ investments and operations in Australia. However, the course has now returned to relaxation. China eases import ban on Australian coal Other restrictions such as barley, lobster and wine should also be reduced.
“Currently, economic and trade relations between the two countries are entering a critical stage,” Wang said. He described China and Australia as very important economic and trade partners, and cooperation is mutually beneficial.
The central government also plans to expand relations with Australia. Chancellor Olaf Scholes has spoken out in favor of an early conclusion of the EU’s free trade agreement with Australia.
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