Foreign Minister Penny Wong has revealed which industry battered by Chinese export restrictions could benefit next from improved relations with Beijing.
two governments had reached a pathway to resolving the barley disputeBeijing’s three-month assessment will come in exchange of Australia withdrawing its relevant World Trade Organisation dispute.
“Obviously there’s still a way to go, so I’m not going to come on your show and say it’s all fixed because it isn’t,” Senator Wong told Sky News Australia’s Laura Jayes on Wednesday. Senator Wong stressed that while the frosty relationship with Beijing was thawing, Australian producers still needed to look beyond just China.
“The government will continue to encourage that because we want to make sure we have diversified export markets.” But after multiple consultations between the two governments through the WTO’s formal channels, a dispute settlement body was established in September 2022.China’s Foreign Ministry hailing the move as “good for both sides”.
“China is ready to work with Australia to further implement the important common understandings reached between the leaders at their Bali meeting and the outcomes of the China-Australia Foreign and Strategic Dialogue.”
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