AIRLINK 205.50 Increased By ▲ 5.21 (2.6%)
BOP 10.25 Decreased By ▼ -0.24 (-2.29%)
CNERGY 7.05 Decreased By ▼ -0.16 (-2.22%)
FCCL 34.60 Decreased By ▼ -0.34 (-0.97%)
FFL 17.10 Decreased By ▼ -0.32 (-1.84%)
FLYNG 25.00 Increased By ▲ 0.15 (0.6%)
HUBC 130.99 Increased By ▲ 3.18 (2.49%)
HUMNL 13.92 Increased By ▲ 0.11 (0.8%)
KEL 4.93 Decreased By ▼ -0.07 (-1.4%)
KOSM 6.80 Decreased By ▼ -0.23 (-3.27%)
MLCF 44.20 Decreased By ▼ -0.42 (-0.94%)
OGDC 221.12 Decreased By ▼ -1.03 (-0.46%)
PACE 7.23 Decreased By ▼ -0.19 (-2.56%)
PAEL 42.75 Decreased By ▼ -0.05 (-0.12%)
PIAHCLA 17.07 Decreased By ▼ -0.32 (-1.84%)
PIBTL 8.46 Decreased By ▼ -0.05 (-0.59%)
POWER 9.11 Decreased By ▼ -0.04 (-0.44%)
PPL 190.35 Decreased By ▼ -2.38 (-1.23%)
PRL 43.10 Increased By ▲ 1.60 (3.86%)
PTC 24.77 Increased By ▲ 0.33 (1.35%)
SEARL 102.55 Increased By ▲ 1.28 (1.26%)
SILK 1.02 Decreased By ▼ -0.03 (-2.86%)
SSGC 42.70 Decreased By ▼ -1.17 (-2.67%)
SYM 18.47 Decreased By ▼ -0.29 (-1.55%)
TELE 9.23 Decreased By ▼ -0.31 (-3.25%)
TPLP 13.08 No Change ▼ 0.00 (0%)
TRG 68.70 Increased By ▲ 2.51 (3.79%)
WAVESAPP 10.40 Decreased By ▼ -0.13 (-1.23%)
WTL 1.80 Increased By ▲ 0.02 (1.12%)
YOUW 4.00 Decreased By ▼ -0.04 (-0.99%)
BR100 12,034 Decreased By -5.6 (-0.05%)
BR30 36,777 Increased By 88.7 (0.24%)
KSE100 114,496 Decreased By -308.5 (-0.27%)
KSE30 36,003 Decreased By -99.2 (-0.27%)

CANBERRA/SYDNEY: China has lifted trade restrictions on two Australian meat processing facilities, allowing the full resumption of red meat exports to the country, the Australian government said on Tuesday.

Beijing has now removed restrictions from all 10 Australian abattoirs it banned between 2020 and 2022.

The bans were imposed around the time that China blocked imports of commodities including coal, barley and wine from Australia after Canberra called for an independent investigation into the origin of COVID-19.

Almost all those restrictions have been removed since a new government won power in Canberra in 2022, with trade in lobster, the final banned product, set to restart by year-end.

“This is great news for Australian exporters, producers and farmers,” Prime Minister Anthony Albanese said in a statement.

“Since we were elected we’ve worked tirelessly to resume trade and that’s exactly what we are seeing. It’s a win for trade and a win for Australian jobs.”

China is the second largest market for Australian beef and veal after the United States, receiving around 200,000 metric tons a year worth around $1.5 billion in recent years, Australian trade data show.

Australia’s ‘balance’ in focus as Albanese to meet China’s Xi

Australia was still able to ship beef to China when the abattoirs were banned because other processors were not subject to restrictions.

Australian beef exports have surged this year as the country steps into the gap left by low US production, though most of the increase has been in shipments to the United States and Japan.

Comments

200 characters