Australian Minister of Trade: If China cancels sanctions, Australia is willing to revo

Australian Minister of Trade Farrell said that if China cancels export sanctions on Australia, Australia is willing to consider the revocation of an appeal proposed by the World Trade Organization (WTO) on the implementation of economic and trade sanctions on China.

According to Bloomberg News on Thursday (December 29), the governments of the Chinese and Australian governments have been exploring Australian Minister of Trade Don Farrell to go to China in the first half of 2023 to meet with Chinese Minister of Commerce Wang Wentao, but ChinaNo formal invitation has been issued so far.

Farrell said in an interview issued by Australians on Thursday that the Australian government has stated to the Chinese government that Khamberra hopes to discuss the differences between the two parties on trade issues through negotiations instead of arbitration.

The World Trade Organization is expected to arbitration on trade disputes in China Australia in early 2023.Australia made sanctions on Australian barley, alcohol and seafood exports, and appealed to the WTO.

After the then Australian Prime Minister Morris called on the international community to investigate the origin of the crown disease in April 2020, Beijing imposed export sanctions on the above -mentioned products in Australia.

Farrell said that Australia believes that they have strong cases. "Obviously, if China is willing to revoke the export ban on Australian barley and alcohol, the situation will change."

Since the Labor government led by Australian Prime Minister Albanis has won the election in May 2022, Australia and China have tended to stabilize. The senior officials of the two parties have met for the first time in recent years.

Albanis's official meeting with Chinese officials at the G20 Summit at Bali, Indonesia in November 2022. Australian Foreign Minister Huang Yingxian went to Beijing to meet with Chinese foreign minister Wang Yi this month.

However, Farrell has not yet met with Chinese Minister of Commerce Wang Wentao.

Alfisnis was unwilling to speculate when Farrell would go to Beijing, or when the trade sanctions faced by Australia will be lifted.He said: "I expect our minister of trading to meet, and we will meditate on what will happen."