• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Editor's Pick

China to lift ban on Australian lobster imports by year-end, says PM

by October 10, 2024
written by October 10, 2024

By Lewis Jackson

SYDNEY (Reuters) -China will resume imports of Australian lobster by year-end, Prime Minister Anthony Albanese said on Thursday, marking the end of a four-year diplomatic fight that saw tens of billions of dollars of Australian exports locked out of China.

Albanese said he agreed on the timeline to resume full lobster trade by year end during a meeting with Chinese Premier Li Qiang on the sidelines of the Association of Southeast Asian Nations meeting in Laos.

“This, of course, will be in time for Chinese New Year and this will be welcomed by the people engaged in the live lobster industry in places like Geraldton, and South Australia and Tasmania, and so many parts of particularly regional Australia,” Albanese said.

China first imposed unofficial bans and tariffs on Australian goods ranging from coal to wine and rock lobster in late 2020 after years of tensions that culminated in Canberra calling for an inquiry into the origins of COVID-19.

Before Thursday’s announcement, all the restrictions bar lobster had been removed as relations between the major trading partners improved.

China’s foreign ministry did not comment on the lifting of the ban but a spokesperson told a news briefing the country was willing to work with Australia to “properly resolve issues of mutual concern through dialogue”.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Ukrainian patriotism and profits spur boom in war bonds
next post
Repsol on watch after trading update

You may also like

China central bank conducts 1.7 trln yuan of...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

ECB president fears loss of central bank independence

January 27, 2025

European tech shares tumble as China’s AI push...

January 27, 2025

Futures slip as investors eye China’s latest AI...

January 27, 2025

Markets may be repeating the mistake of 2019,...

January 27, 2025

How billionaire Caltagirone could influence Italy’s banking M&A...

January 27, 2025

How Italy’s MPS went from near collapse to...

January 27, 2025

Analysis-To weather Trump, emerging market investors look to...

January 27, 2025

Chinese AI startup DeepSeek overtakes ChatGPT on Apple...

January 27, 2025
Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!








    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • China outlines more controls on exports of rare earths and technology

      October 10, 2025
    • Paramount acquires Bari Weiss’ The Free Press, naming her the top editor of CBS News

      October 7, 2025
    • YouTube to pay $24 million to settle Trump lawsuit

      October 1, 2025
    • Charlie Javice sentenced to 7 years in prison for fraudulent $175M sale of aid startup

      October 1, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (651)
    • Stock (6,426)

    Latest News

    • China outlines more controls on exports of rare earths and technology
    • Paramount acquires Bari Weiss’ The Free Press, naming her the top editor of CBS News

    Popular News

    • Canadian PM Trudeau has full support of cabinet, new finance minister says
    • Apple, Tesla and Trump Media rise premarket;Exxon Mobil falls

    About The Significant deals

    • About us
    • Contacts
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy