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Reuters
Reuters
Business

China willing to restart trade exchange mechanism with Australia after talks

FILE PHOTO: Chinese Commerce Minister Wang Wentao speaks during a State Council Information Office news conference in Beijing, China February 24, 2021. REUTERS/Carlos Garcia Rawlins

China's commerce minister Wang Wentao said talks held on Monday with Australian counterpart Don Farrell were a key step toward bringing bilateral economic and trade ties back on track, with relations improving after being strained in recent years.

The virtual meeting came after Chinese officials relaxed import bans on Australian coal as both countries work to improve diplomatic relations after more than two years of Chinese trade bans on a range of Australian exports including barley, lobster and wine.

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