AGL 37.99 Decreased By ▼ -0.03 (-0.08%)
AIRLINK 215.53 Increased By ▲ 18.17 (9.21%)
BOP 9.80 Increased By ▲ 0.26 (2.73%)
CNERGY 6.79 Increased By ▲ 0.88 (14.89%)
DCL 9.17 Increased By ▲ 0.35 (3.97%)
DFML 38.96 Increased By ▲ 3.22 (9.01%)
DGKC 100.25 Increased By ▲ 3.39 (3.5%)
FCCL 36.70 Increased By ▲ 1.45 (4.11%)
FFBL 88.94 No Change ▼ 0.00 (0%)
FFL 14.49 Increased By ▲ 1.32 (10.02%)
HUBC 134.13 Increased By ▲ 6.58 (5.16%)
HUMNL 13.63 Increased By ▲ 0.13 (0.96%)
KEL 5.69 Increased By ▲ 0.37 (6.95%)
KOSM 7.32 Increased By ▲ 0.32 (4.57%)
MLCF 45.87 Increased By ▲ 1.17 (2.62%)
NBP 61.28 Decreased By ▼ -0.14 (-0.23%)
OGDC 232.59 Increased By ▲ 17.92 (8.35%)
PAEL 40.73 Increased By ▲ 1.94 (5%)
PIBTL 8.58 Increased By ▲ 0.33 (4%)
PPL 203.34 Increased By ▲ 10.26 (5.31%)
PRL 40.81 Increased By ▲ 2.15 (5.56%)
PTC 28.31 Increased By ▲ 2.51 (9.73%)
SEARL 108.51 Increased By ▲ 4.91 (4.74%)
TELE 8.74 Increased By ▲ 0.44 (5.3%)
TOMCL 35.83 Increased By ▲ 0.83 (2.37%)
TPLP 13.84 Increased By ▲ 0.54 (4.06%)
TREET 24.38 Increased By ▲ 2.22 (10.02%)
TRG 61.15 Increased By ▲ 5.56 (10%)
UNITY 34.84 Increased By ▲ 1.87 (5.67%)
WTL 1.72 Increased By ▲ 0.12 (7.5%)
BR100 12,244 Increased By 517.6 (4.41%)
BR30 38,419 Increased By 2042.6 (5.62%)
KSE100 113,924 Increased By 4411.3 (4.03%)
KSE30 36,044 Increased By 1530.5 (4.43%)

SYDNEY: China’s Foreign Minister Wang Yi will next week visit Australia and New Zealand, officials said Thursday, with the diplomatic blitz expected to focus on easing trade.

Wang’s visit to Australia, his first as foreign minister since 2017, comes as the two countries have begun to resolve simmering trade disputes, despite recent sparring over human rights and China’s growing clout in the Pacific region.

“I think it is a good thing that Wang Yi is visiting,” Prime Minister Anthony Albanese told reporters Thursday, citing “significant progress” in removing trade impediments.

New Zealand Foreign Minister Winston Peters said Wang would also be visiting Wellington.

“We look forward to re-engaging with Foreign Minister Wang Yi and discussing the full breadth of the bilateral relationship, which is one of New Zealand’s most important and complex.”

China’s top diplomat is scheduled to hold “strategic dialogue” talks with Australian Foreign Minister Penny Wong in Canberra on March 20.

“We seek to cooperate with China where we can, disagree where we must and engage in our national interest,” Wong said in a statement.

Australia’s trade relations with China have improved since Albanese’s centre-left Labor Party won power in 2022, adopting a less confrontational tone than the previous conservative government.

Chinese foreign minister Wang Yi to travel to Africa in Jan

China had imposed tariffs and trade barriers on key Australian exports in 2020, retaliating after Canberra barred Huawei from 5G contracts and then called for a probe into the origins of the Covid-19 pandemic.

‘Outrage’

Beijing has already unwound tariffs and restrictions on Australian coal, timber and barley, and it is expected to do the same for Australian wine.

Melbourne-based Treasury Wine Estates said this week it had been advised by Chinese and Australian authorities of Beijing’s “interim draft determination” to remove the wine tariffs following a five-month review.

It expected a final decision “in the coming weeks”. Albanese made a breakthrough trip to Beijing in November 2023, hailing progress in ties as “unquestionably very positive”.

The two countries remain at odds in strategic areas, however.

Last month, Australia’s government said it had expressed its “outrage” after Beijing handed a suspended death sentence to Chinese-Australian dissident writer Yang Jun.

Wong warned at the time that such decisions would “have an impact” on the relationship.

Overseas, Australia and its allies are seeking to parry China’s expanding reach in the South Pacific.

Canberra and Washington were jolted into action after Beijing signed a secretive security deal with Solomon Islands in 2022.

Australia also supports the US and Asian countries in opposing Beijing’s sovereignty claims over the South China Sea.

If wine tariffs are removed, only Australian rock lobster, hay and beef from some abattoirs will remain subject to Chinese trade restrictions.

New Zealand has typically had a far less prickly relationship with Beijing, which is its largest trading partner.

Comments

Comments are closed.