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The Latest Breaking News from Trade

Predicted 0.08% boost from UK-Asia trade deal could be overestimate

Trade department used different approach to estimating economic boost which ‘generates larger estimated GDP impacts’

The Independent UK

CPTPP: is trade deal first sign of Brexit’s sunlit uplands?

The Government struck a deal to join an 11-member Asia-Pacific trade bloc last week, a step hailed by No. 10 as an example of Britain seizing its “post-Brexit freedoms”.

The Week

Australia, China officials meet over trade sanctions

A round of trade talks is being held between Australian and Chinese officials as Canberra works to ease diplomatic tensions with Beijing.

The New Daily

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Pacific trade deal is more useful to Joe Biden than it is to the UK’s economy

Hailed by Tory MPs as a Brexit benefit, CPTPP membership actually turns the UK into a willing pawn in Washington’s geopolitical game

The Guardian - UK

Forget Brexit pain and back our Pacific trade deal, urges minister

Critics say the deal involving 11 countries including Australia, Canada and Japan doesn’t compensate for the blow of leaving the EU

Evening Standard

UK agrees to join trans-Pacific trade partnership

Critics say the impact will be limited, with official estimates suggesting it will add less than 1% to UK GDP

Evening Standard

Albanese optimistic on Chinese trade sanctions

Prime Minister Anthony Albanese says he's still hopeful of clearing Chinese trade sanctions on Australian goods.

The New Daily

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PM hopeful of movement on Chinese trade sanctions

Australia is hoping to take another step in the reduction of trade sanctions imposed by Beijing as an assistant minister prepares to head to China.

AAP

Export boost near after UK trade pact clears hurdle

Britain has moved one step closer to ratifying the free trade agreement with Australia, paving the way for tariffs to be cut and business access expanded.

AAP

Wong lobbies Chinese counterpart over trade, Ukraine

Australia has warned China against supplying weapons to Russia at the G20 meeting as the US reportedly lobbies allies to sanction Beijing if it aids Moscow.

The New Daily

BYD plans second Asean EV plant

The Philippines, Vietnam and Indonesia are competing to host another Southeast Asian electric-vehicle assembly plant for BYD Co, the world’s second-largest maker of EVs, according to a Philippine trade and investment official.

Bangkok Post

Swedish queen-in-waiting spearheads Aussie trade talks

Sweden's Crown Princess Victoria and husband Prince Daniel are making an official visit to Australia, with stops in Canberra and Sydney.

AAP

‘Next phase’: Australian coal arrives in China, sparking optimism about trade revival

Optimism is building that a spate of trade sanctions imposed on Australian exports by China will be lifted in coming months.

The New Daily

China-Australia lobster trade ban could be set to lift - ABC

Australia's A$750 million ($521.78 million) lobster trade with China could be on the verge of restarting after more than two years of unofficial bans, state broadcaster ABC reported on Thursday, citing a licence application that was not rejected immediately.

Reuters

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ABC News

Australia's live rock lobster trade with China hoped to restart

Lobster exporters are trying to resuscitate a lucrative trade deal with China after it ground to a halt in late 2020.

AAP

First coal shipments to China stokes trade optimism

Trade Minister Don Farrell has welcomed improvement in relations with Beijing as Australia's first coal shipments in years await Chinese clearance.

Daily Mirror

Rishi Sunak's Cabinet reshuffle in full as Zahawi replaced and 4 new departments created

The Prime Minister was forced to shake up his Cabinet after sacking Tory chairman Nadhim Zahawi in a row over his tax affairs

The Independent UK

China-Australia trade ministers hold 1st meeting since 2019

Australian and Chinese trade ministers are holding their first bilateral meeting since 2019 as Australia urges China to lift barriers that are costing exporters $14 billion a year

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ABC News

Beijing invites trade minister to China, says it won't back down on 'principled' issues

China's Wang Wentao and Trade Minister Don Farrell could soon meet face-to-face, but both sides are playing down hopes of a swift end to thorny trade issues.

AAP

Australia urges calm over Chinese 'weather' balloon

Foreign Minister Penny Wong insists a diplomatic clash between the US and China over a suspected spy balloon won't derail upcoming talks involving Australia.

The New Daily

Australia ‘walking a tightrope’ as trade talks with China resume

Australia is set to hold its first trade talks with China in years, but experts warn there’s no guarantee of a fairytale ending.

AAP

Australia and China prepare to reset trade relationship

Trade Minister Don Farrell will meet virtually with his Chinese counterpart to discuss the $20 billion sanctions on Australian products.

ABC News

Australian trade minister to meet Chinese counterpart next week as relationship thaws

A long-awaited meeting between Australia and China's top trade officials will take place next week. For the rock lobster industry, a lift on trade bans can't come soon enough

Reuters

Biden and Dutch PM discuss semiconductor dispute, Patriots for Ukraine

U.S. President Joe Biden and Dutch Prime Minister Mark Rutte held wide-ranging talks on Tuesday that included a discussion on Dutch concerns about new U.S. restrictions on exporting chip-making technology to China.

AAP

Businesses to benefit from trade tax cut

The first export tax cuts under the Australia-India free trade agreement has come into effect, with a second tranche due in the new year.

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