Caixin
Jan 07, 2023 05:28 AM
ECONOMY

Wine and Lobsters Could Be Next in China-Australia Trade Thaw

While China never officially acknowledged the curbs on lobsters, a recent social media post from customs stoked expectations that the crustacean would once again be welcome
While China never officially acknowledged the curbs on lobsters, a recent social media post from customs stoked expectations that the crustacean would once again be welcome

(Bloomberg) — China’s trade restrictions on Australian wine, lobsters and other goods could be the next to ease amid a warming of diplomatic ties and expectations that Beijing will soon resume imports of coal.

Curbs on commodity imports will probably ease gradually and in an unofficial manner, said Hans Hendrischke, professor of Chinese Business and Management at the University of Sydney. While there’s some confidence that restrictions will be lifted, there’s currently no indication of timing, he said.

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