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The Latest Breaking News from Trade

Australia mapping path to closer trade ties with India

The federal government will begin consulting on a strategy to strengthen trade and investment relations with India while looking for new areas of co-operation.

AAP

China trade block drop on cards as premier visits

The remaining trade impediments against Australian lobster and abattoirs could be dropped ahead of a trip by the Chinese premier and commerce minister.

AAP

NZ PM Luxon interested in Taiwan trade, not travel

Taiwanese officials have given a clear indication they would like to increase trade ties with New Zealand, which is aiming to boost business with Asia.

AAP

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Lok Sabha 2024: BJP announces Election Manifesto Committee; Raksha Mantri Rajnath Singh its Chairperson

Finance Minister Nirmala Sitharaman will be the convener of the election manifesto panel, while her cabinet colleague and Trade Minister Piyush Goyal the co-convener. Read further on Dynamite News:

Dynamite News

China drops heavy tariffs against Australian winemakers

China has abolished heavy tariffs on Australian wine that were imposed at the height of diplomatic tensions in 2020.

AAP

WTO rules against Australia on steel products complaint

Australia has lost its case in a World Trade Organisation dispute brought by China on extra taxes, with the ruling finding fault with Canberra's investigations.

AAP

French Senate rejects EU-Canada free trade agreement

French senators have voted by a large majority against the ratification of the free trade deal between the European Union and Canada known as Ceta. In a blow to French President Emmanuel Macron, the rejection follows weeks of protests by farmers opposed to such liberal trade policies.

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Brexit: Minister hails closer ties with Texas but no free trade deal with US or India

‘This Conservative government’s cowboy trade policy is shooting the British public in the foot,’ says Lib-Dem Sarah Olney as ministers boast of better links with Texas but no post-Brexit free trade deal with America

Evening Standard

Businesses to save as government scraps tariffs

Hundreds of nuisance tariffs on everyday items like tools, clothing, dishwashers and more will be scrapped in a move that will save businesses millions.

AAP

Australia open to resuming stalled EU trade talks

Despite talks between the European Union and Australia for a free trade deal falling over, the Albanese government is willing to head back to the drawing board.

AAP

Exports to China soar to $17bn as trade barriers fall

Australia has sent a record amount of agricultural exports to China as trade barriers fall following a thawing of relations between the two countries.

AAP

UK To Boost Trade in Africa With UK-Nigeria Economic Partnership

The UK signed its first economic partnership with an African country this week as it seeks to enhance trade relations with Nigeria, especially in the exports and imports of financial and legal services.

International Business Times UK

Rishi Sunak Accused of Giving 'VIP Access' To Indian IT Firm Infosys

A new report has emerged which reveals that the UK trade minister helped Rishi Sunak's wife-linked Indian IT firm Infosys get better access to trade deals for ease of business in the UK.

International Business Times UK

Aussie business boost as India trade ties strengthen

Australia's agriculture exports to India have soared off the back of a free trade agreement while the pact makes products cheaper for consumers at home.

AAP

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AAP

China eases trade beef but abattoirs chase bigger stake

Three major Australian abattoirs will be allowed to start exporting beef to China after Beijing lifted suspensions but bans remain on eight other processors.

AAP

Door ajar for Australia-Europe trade deal, says France

France remains hopeful of a free trade pact after negotiations with Australia broke down and its president opposed a South American bloc deal.

AAP

China trade ban may be unwrapped in time for Christmas

China could lift punitive trade bans on Australian exports in time for Christmas as the Albanese government works to steady the diplomatic relationship.

AAP

Australia rocks US market as China chews lobster, beef

Trade Minister Don Farrell is heading to the United States to shore up Australia's critical mineral markets as it works to diversify exports from China.

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AAP

Prime minister receives red carpet welcome in China

Anthony Albanese has become the first Australian prime minister to visit China since 2016, touching down in Shanghai to a red carpet welcome.

The Conversation

Politics with Michelle Grattan: Don Farrell's high noon for European free trade deal, and hopes for lobster exports to China

Last weekend Australia had a big win when China agreed to review over the next five months its prohibitive tariffs on Australian wine, This weekend Trade Minister Don Farrell hopes to finally land a long-awaited free trade deal with the European Union, for which negotiations have been going on for…

AAP

Farmers wary of dud deal as EU trade pact talks resume

The trade minister should not sign any pact with the EU that would stop Australians from using names such as feta and prosecco, the farmers federation says.

AAP

Chinese diplomat 'optimistic' of wine trade resolution

China's ambassador is "optimistic" of a resolution for the trade dispute with Australia, as both nations consider the findings of a report on the issue.

AAP

Calls for wine support as China tariffs deadline looms

China is on a deadline to decide whether to drop trade tariffs on Australian wine but there are calls for financial aid for the struggling sector.

Newsroom.co.nz

NZ wins hard-fought victory over Canada in dairy trade dispute

The time and cost of forcing 'the world's friendliest nation' to comply with the rules of new trade deal bode ill for when more intransigent countries like the UK or China dig in their heels, argues Jonathan Milne.

Newsroom.co.nz

Loneliness, airports, hotel rooms – the life of a trade minister

Labour’s Damien O’Connor says it’s a 'lonely life' constantly on the road as trade minister, but he is relishing the role even if he’s permanently changing time zones.

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