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The Latest Breaking News from Trade

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

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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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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.

ABC News

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.

AAP

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

Daily Mirror

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

The Independent UK

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.

ABC News

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.

AAP

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.

The New Daily

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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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AAP

Positive sign for China trade relationship

Trade Minister Don Farrell says there are positive signs in the Australia-China trade relationship and he's keen to meet with his counterpart for talks.

The Independent UK

Trade minister tours US to strike state-level trade agreements

Greg Hands will sign the UK’s third trade agreement with a US state in South Carolina.

Daily Mirror

Tory ex-minister's suspension lifted after being cleared of 'serious misconduct'

Conor Burns was sacked as a trade minister by Liz Truss and was suspended from the Conservative Parliamentary Party, following a complaint about his behaviour at the party's Birmingham conference in October

ABC News

Federal government pressures China to drop trade sanctions on Australian goods ahead of key anniversary

China has maintained informal bans on several Australian imports, including grains and wine. But now there is cautious optimism about the chances of Beijing relenting in the coming months.

AAP

Workplace rule changes become law

The federal government's workplace relations changes, which will introduce multi-employer bargaining, have been waved through parliament.

The Independent UK

Britain and Ukraine sign digital trade agreement

Officials said the deal will guarantee Ukraine access to UK financial services as it rebuilds its shattered economy.

AAP

India free trade gets new year green light

The Australia-India free trade agreement has got the thumbs up from India, clearing the way for the removal of taxes on 90 per cent of Australian goods exports.

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