Minister of Trade in Australia: If China cancels export sanctions, Australia is willin

(Bloomberg, New York) Australia's Minister of Trade said that if China cancels export sanctions on Australia, it is willing to consider the revocation of appeal to the World Trade Organization.

According to Bloomberg, Australia's Minister of Trade Don Farrell (December 29) said in an interview with Australian media that Australia has clearly told China that he is more willing to solve the problem of trade issues through discussion rather than arbitration.Differential differences; if China cancels export sanctions on Australia, Australia is willing to cancel appeal in the WTO.

The Sino -Australian relations in the Morrison government in Australia fell into the bottom after conducting an international investigation of the origin of crown disease in April 2020.China has undergone unilateral trade sanctions on Australia in May of that year, banned Australian companies from exported beef, barley, cotton, coal and other products to China, levying high anti -dumping taxes on Australian barley and wine, and reduced imports of Australian coal.However, Beijing has always denied these trade sanctions on Australia.

Australia raised a high tariff on China on the end of 2020 on China, and a formal appeal was filed with the WTO.The WTO is expected to be a trade dispute between the arbitration in early 2023.China is the largest trading partner in Australia. In 2019, the two -way trade volume of the two countries reached US $ 170 billion (S $ 229.3 billion).

After Australia's current Prime Minister Albanis came to power, Sino -Australian relations showed signs of recovery.Australian Foreign Minister Penny Wong visited China during the 50th anniversary of the establishment of diplomatic relations between China and Australia this month, and became the first Australian Foreign Minister who visited China for four years.China Australia has also been discussing the possibility of Farrell's visit to China in the first half of 2023.However, China has not issued a formal visit to Farrell.

Albanis interviewed on Thursday that he would not guess when Farrell went to Beijing or China to cancel sanctions.However, he revealed: "I expected the Minister of Trade in the two countries to hold a meeting, and we will wait and see how the result."