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Reuters
Reuters
Business
By Kirsty Needham

Australia tells exporters to diversify from top trade partner China

FILE PHOTO: Crops are seen in a barley field at a farm near Moree, an inland town in New South Wales, Australia October 27, 2020. REUTERS/Jonathan Barrett/File Photo

Australia wants exporters to diversify markets and become less reliant on China, because it cannot separate economic and strategic relationships, Foreign Minister Penny Wong said on Wednesday, after the two countries unveiled a path to ending a trade dispute.

Both nations have reached consensus to end their dispute over barley, they said on Tuesday, with Australia suspending a case at the World Trade Organization, while China hastens a review of tariffs on Australian exports.

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