China’s import restrictions on Australian meat processors lifted
China’s import restrictions on Australian meat processors have been now lifted. China has lifted trade restrictions on two Australian meat processing facilities, allowing the full resumption of red meat exports to the country.
China and Australia are important trade partners, statistics showed that in 2023, China bought $219 billion of Australian exports, worth 32.5 percent of Australia's total exports to the world; China is Australia top overseas market for agriculture, resources and services, In 2024,
In September 2024, China exported $6.09B and imported $10.8B from Australia, resulting in a negative trade balance of $4.75B.
In the first four months of 2024, both the import and export of China's trade in goods increased significantly. Exports were 7.81 trillion yuan
Particularly, Australia is a great country for agricultural products, with its rich natural environment. China is Australia's main trading partner, at same time, China is the second largest market for Australian beef and veal.
Nearly one-third of Australia's exports are purchased by China, making the country the leading overseas market for various Australian products and services. China's trade and investment will play an influential role in Australia's future. Australia's and China's economic ties are broad and rapidly strengthening. Look at this recent article from. Reuters
China has lifted trade restrictions on two Australian meat processing facilities, allowing the full resumption of red meat exports to the country, Reuters reported, citing the Australian government on Tuesday.
Beijing has now removed restrictions from all 10 Australian abattoirs it banned between 2020 and 2022.
China is the second largest market for Australian beef and veal after the United States, receiving around 200,000 metric tons a year worth around $1.5 billion in recent years, Australian trade data show.
There is a related news on October, 2024, Nikkei Asia reported, China's import ban on rock lobsters to end, Australian rock lobsters are to finally return to Chinese dining tables in time for the peak Lunar New Year season.
The deal for the return of Australian rock lobsters to the Chinese market is a milestone in the Albanese government's efforts to "stabilize" relations with China since taking office in 2022. See more from here
In conclusion: From now on, we will expect more meat from Australia exported into China in 2025, there is higher demand for health and quality meat in the Chinese market. Australia meat enjoy quite good reputation among Chinese consumers.
As next Chinese spring holiday celebration, one can predict that there will be eager Chinese consumers are longing for purchasing quality imported meat from Australia in the Chinese market in coming 2025.
China and Australia are an important trade partner, both need each other for supplying and filling the markets demand. ......
Noticeable, China's development has made important contributions to the long-term stability and growth of the Asia-Pacific region. more than 250 Australian companies participated in 2024 China International Import Expo, reached a record high number, which showed Australian companies’ confidence in China's economy and trade cooperation.
Importantly, China geared up to import more quality Australian goods, benefit to both countries - China and Australia, bringing more stability and certainty into the region and the world.
