Sino -Australian trade recovery Australia is still committed to promoting the diversif

Despite the increasing economic relations between Australia and China, Canberra is still committed to promoting the diversification of trade.

According to Bloomberg, Australia's Minister of Trade Don Farrell will give his first anniversary of his inauguration at the Kampongola National Journalist Club on Thursday (June 1).

According to the presence of a public speech on the media, Farrer will say in his speech that Australia has learned valuable lessons in the past few years. The most critical of Australia to build a safe and stable economic future is the most critical of.Part is more trade, not less trade.

He said that after taking office a year ago, the Central Left -wing Government (referred to as the Workers' Government) inherited the rupture relationship with major trading partners.Since then, the Labor government has been promoting the national trade and investment agenda, "diversifying our trade relations."

Farier also urged Australian companies to promote the diversified supply chain.

It is reported that Australia is about to finalize a free trade agreement with the European Union, and is also negotiating with India on the trade agreement to implement the Australian government's trade diversified agenda.

China is the largest trading partner in Australia, but during the administration of the former Morrison government, then Australian Prime Minister Morrison advocated the traceability of the coronary virus and prohibited Huawei from participating in the construction of the Australian 5G network, so that China was China.Australian relations have become tight, and Australian agricultural products have also been restricted to China.

After the Labor government came to power, Australian Prime Minister Albanis was committed to restarting dialogue with Beijing. The relationship between Canberra and Beijing has improved, and Australia's coal and wood exports to China have resumed.

Farrer said in an interview with Bloomberg on Saturday (May 27) that he hopes that China can end tariffs on Australian barley in the next few months.The program helps to loosen the restrictions on the export of wine to China.