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Australia wants normalized trade ties with China — but only after all trade curbs are dropped



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Australia wants trade ties with China to be normalized, but Beijing must first remove the remaining trade curbs, said Australia’s assistant minister for trade told CNBC.Canberra is in dialogue with its largest trading partner to drop tariffs on Australian wine imports that were introduced in March 2021. At the peak of diplomatic tensions in 2020 and 2021, Beijing slapped import tariffs on several Australian exports, from wine and red meat to lobsters and timber.”That is a good outcome, but I want to see — and the Australian government wants to see — trade with China return to normal and to be stabilized across the board,” Tim Ayres told CNBC’s Martin Soong in an interview on the sidelines of the B20 summit in New Delhi over the weekend.”Until we remove all of those impediments, it’s not possible to say that the trade is back to normal,” Ayres added.Adrian Brayne, a second-generation winemaker and owner of boutique wine label ‘Obsession Wines’, handles wine stock in the processing building at Obsession Wines on November 24, 2020 in Tumbarumba, Australia.Lisa Maree Williams | Getty Images News | Getty ImagesAyres’ comments reiterated Canberra’s position, which trade minister Don Ferrell articulated earlier this month after Beijing lifted tariffs on Australian barley imports.In April, Australia agreed to “temporarily suspend” its World Trade Organization co …

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