TRADE WARS
Australia trade minister hails 'positive momentum' in Beijing talks
Australia trade minister hails 'positive momentum' in Beijing talks
by AFP Staff Writers
Beijing (AFP) May 12, 2023
Australia's trade minister praised "positive momentum" after talks in Beijing Friday, on the heels of a trip intended to bring an end to years of harsh sanctions and restrictions.

During the visit, Trade Minister Don Farrell held extensive discussions with his Chinese counterpart Wang Wentao in the first face-to-face meeting of its kind since 2019.

"I'm very pleased to confirm that we agreed to step up dialogue under our free trade agreement and other platforms to resolve our outstanding issues," Farrell said at a press conference after the conclusion of talks.

Farrell also said that Wang had accepted his invitation to visit Australia, so the two sides could "continue to build on the positive momentum of our trade relationships and discussions today".

China slapped hefty tariffs on key Australian exports such as barley, beef and wine in 2020, leveraging its economic muscle at the height of a bitter dispute with the former conservative government.

It also stopped imports of some of Australia's most significant export commodities, including coal, curbing billions of dollars in trade.

Farrell -- who before the trip said he would seek "unimpeded" trade during his visit to China -- did not indicate during the Friday press conference any plans to immediately remove sweeping restrictions on certain key exports.

"We also discussed the World Trade Organization disputes," said Farrell, adding that he was pleased to get reassurances that a deal reached last month on barley "remains on track".

"I also reiterated that we expect a similar process to be followed with the WTO dispute in respect to Australian wine," he said.

China had been angered by Australia's legislation against overseas influence operations, its barring Huawei from 5G contracts and its call for an independent investigation into the origins of the Covid-19 pandemic.

Their icy relations appear to have thawed since Australia's centre-left government adopted a less confrontational approach to China following its election a year ago.

Australia called last week for one of its nationals -- jailed journalist Cheng Lei -- to be reunited with her family after 1,000 days in detention in China.

Farrell said Friday that he had raised the case during his talks with Wang.

Related Links
Global Trade News

Tweet

TRADE WARS
Germany says controversial Chinese stake in Hamburg port to go ahead
Berlin (AFP) May 10, 2023
The German government said Wednesday that it would allow a Chinese firm to buy a stake in a Hamburg port, after the terminal was classed as critical infrastructure. The government controversially gave the go-ahead in October for state-owned Chinese shipping giant Cosco to buy up to a 24.9-percent stake in the Tollerort container terminal in Hamburg. The green light came despite security concerns over the sale of the infrastructure to Chinese investors, with Chancellor Olaf Scholz resisting calls ... read more

TRADE WARS
Raytheon to provide Patriot air defense system to Switzerland

Aegis Combat System intercepts target during flight test

Ukraine forces complete Patriot training in US: Pentagon

PAC-3 flight test paves the way for new Patriot software release

TRADE WARS
Ukraine says downed hypersonic missile in 'historic' first time

US Army awards $4.7B production contract for all-weather GMLRS rockets

Poland announces $2.4 bn air defence deal with Europe's MBDA

Poland probes suspected missile found in a forest

TRADE WARS
Russia fires 24 drones at Ukraine, 18 shot down: Ukrainian air force

Chinese 'scorpion' combat drone circles Taiwan

Built to bounce back researchers design drones to cope with collisions

Drones navigate unseen environments with liquid neural networks

TRADE WARS
CesiumAstro to supply 7 comms payloads to Raytheon for SDA Tranche 1 Tracking Layer.

Raytheon Technologies to advance US Air Force Common Tactical Edge Network

Raytheon Technologies develops 'NexGen Optix' Tactical Free-Space Optical Comms

Eglin squadron launches support for Link 16 from space

TRADE WARS
AFWERX Prime selects Applied Intuition to accelerate aerial sensor optimization

Raytheon introduces OXYJUMP NG oxygen supply system for military parachutists

Building 'Mad Max' vehicles for Ukraine's fighters

Raytheon unveils next-gen intelligent electro-optical sensing capability

TRADE WARS
Denmark to invest $5.6 bn to modernise defence: ministry

More ammo for Ukraine in new $300 mn US aid package

Mali receives military equipment shipment from China

Highest military spending in Europe since Cold War: study

TRADE WARS
Canada, China expel diplomats in escalating row

Ukraine looms over Chinese foreign minister's European visit

US backs another Marcos in tussle for Asia influence

Ex-Pentagon chiefs call on US Senate to approve military nominees

TRADE WARS
Single-molecule valve: a breakthrough in nanoscale control