Two and a half years after Chinese trade restrictions hit Australian products from coal to wine, a diplomatic thaw between Beijing and Canberra has raised hopes for a revival of exports and spurred businesses to take steps to rebuild ties. | Reuters
“We’re optimistic that in the near future – could be three months, could be six months – we might see a resumption in trade,” the association’s chief executive, Victor Violante, told Reuters.
However differences over national security, human rights and other issues mean the journey to refreshed trade relations could be tentative and bumpy. Australia is expected to announce in March further details about the nuclear submarines it plans to buy, a move Beijing opposes. Long has attended at least eight events in February, meeting politicians and business groups, including a Chinese New Year party attended by more than 350 politicians and business leaders.“People are starting to get on the front foot,” Grain Trade Australia chief executive Pat O’Shannassy told Reuters. “Trade is ultimately about relationship and people are getting those relationships in place.”
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