- Anthony Albanese to visit China
- Trade tensions have slowly thawed
Prime Minister Anthony Albanese has confirmed he will visit China on November 4, announcing a promising review of crippling trade tariffs on Australian wine.
In a statement released on Sunday, the PM said his historic visit follows months of ‘productive discussions’ around trade tensions between China and Australia.
He affirmed the trip was an important step towards ‘ensuring a stable and productive relationship’.
‘I look forward to further engaging with President Xi and Premier Li in Australia’s national interest,’ the PM said.
Prime Minister Anthony Albanese has confirmed he will visit China on November 4, announcing a promising review of crippling trade tariffs on Australian wine
China, who is Australia’s largest trading partner, scrapped its tariffs on Australian barley earlier this year, but has yet to wind back restrictions on Australian wine.
The wine tariffs were introduced in 2020 amid worsening relations between China and the former Coalition government.
Mr Albanese said on Sunday the two nations had ‘reached an agreement’ to resolve the ongoing dispute.
‘We welcome China’s agreement to undertake an expedited review of its duties. This process is expected to take five months,’ Mr Albanese said.
‘Australia and China have agreed we will suspend the dispute on wine in the WTO pending the outcome of this review.
‘If the duties are not removed at the end of the review, Australia will resume the dispute in the WTO. We are confident of a successful outcome.’
Almost a third of Australia’s trade is with China. Picture: by Andrei Gordeyev/AFP
Chinese Ambassador to Australia, Xiao Qian, said Mr Albanese’s visit would lay a solid foundation for a ‘friendly and cooperative relationship’ between the two nations over the coming decades.
Speaking to reporters on Wednesday, Mr Xiao said the trade spat was a complicated issue with ‘no easy answer’.
‘There are concerns from the Chinese side, there are concerns from the Australian side and we will try to sort out those issues,’ he said.