Australian Trade Minister expressed optimism that China will soon lift its ban on live lobster imports, a move expected to strengthen bilateral relations between the two countries. The ban on lobsters was part of a series of trade barriers imposed by China in 2020, which also affected Australian products such as beef, barley, coal, wood, and wine, costing exporters billions of dollars annually.
The strained relations between Australia and China escalated when Australia called for an independent investigation into the origins and handling of the COVID-19 pandemic. However, recent developments indicate a positive shift in the trade dynamics between the two nations.
