The free trade agreement between Australia and the UK has officially come into effect on May 31 after two years of negotiation. On May 30, British High Commissioner Vicki Treadell delivered the diplomatic note confirming that the UK’s domestic procedures for the trade agreement to come into force had been completed, effectively opening a new…
Australian PM Believes Breakthrough in Trade Relationship with China Is Possible
May 16, 2023
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Australian Prime Minister Anthony Albanese believed Australia would be able to make a breakthrough in resolving the trade war with China following a recent delegation to Beijing. Trade Minister Don Farrell has returned after visiting China on the week ending May 14 to discuss with Chinese Commerce Minister Wang Wentao the possibility of Beijing lifting…
Chinese State-Owned Baowu Group Eyes Western Australia for New Green Facility
May 12, 2023
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Chinese state-owned iron and steel company, Baowu Group, has indicated an interest in building a new green steel plant in Western Australia. During talks with Australia’s Federal Trade Minister Don Farrell in Beijing on May 11, Baowu Group’s chairman Chen Dorong said Western Australia’s availability of clean energy, and ore made the state an ideal…
Australian Minister Travels to China In Attempt to Resolve Barley Trade War
May 11, 2023
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Australian trade minister Don Farrell is heading to Beijing to meet his counterpart in the country’s latest effort to resolve the long-term trade dispute with China. The minister departed for China on May 11 following an invitation from Chinese Commerce Minister Wang Wentao during a virtual meeting between the two sides in February. At the…
CCP Will Lift Trade Ban on Australia as It Failed: Former Australian PM
February 8, 2023
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Former Australian Prime Minister Malcolm Turnbull said Beijing will lift its trade ban on Australia as it looks for a way out of the failure of its trade sanctions. The 29th Australian prime minister was speaking at an online forum on “Responses to China’s Economic Coercion” hosted by the Alliance of Democracies Foundation on Feb….
Australia Removes Tariffs on Ukrainian Imports
July 4, 2022
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AustraliaAustralia-UkraineBusiness & MarketsDon Farrelleconomic policiesEuropeInternationalRussia-Ukraine WarWorld
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The Australian government has removed all taxes on goods coming from Ukraine for the next 12 months as part of its recently announced aid package. Coming into immediate effect on July 4, the Minister for Trade and Tourism Don Farrell said that eliminating tariffs was part of ongoing efforts to deepen the two countries bilateral…
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