China’s decision to remove all remaining restrictions on Australian coal imports has been welcomed by the Australian government, which has been seeking to boost trade ties with its largest trading partner. The move was announced on Wednesday by China’s Ministry of Commerce, which said that the restrictions, which had been in place since February, had been lifted. The restrictions had been imposed in response to Australia’s call for an international inquiry into the origins of the coronavirus pandemic.
The decision is a major boost for Australia’s coal industry, which has been struggling due to the restrictions. Australia is the world’s largest exporter of coal, and the restrictions had been causing significant disruption to the industry. The Australian government welcomed the decision, with Trade Minister Simon Birmingham saying that it was a “positive step forward”.
“We welcome this decision by the Chinese Government to remove the restrictions on Australian coal imports. This is a positive step forward and will help ensure that Australian businesses can continue to meet the needs of their customers in China,” Birmingham said. He added that the government was committed to strengthening the bilateral trade relationship with China.
“We look forward to continuing to work with the Chinese Government to ensure that our trade relationship is based on mutual respect and benefit,” he said. The decision is also likely to be welcomed by the Australian coal industry, which has been struggling due to the restrictions. The industry had seen a significant decline in exports to China since the restrictions were imposed.
According to the Australian Bureau of Statistics, coal exports to China had fallen by 34 per cent in the first half of 2020, compared to the same period in 2019. The restrictions had also been a source of tension between the two countries, with Australia accusing China of using the restrictions as a form of economic coercion.
The decision to lift the restrictions is likely to be seen as a major diplomatic victory for Australia. The government had been pushing for the restrictions to be lifted, and had sought to use other diplomatic means to pressure China into lifting them. It is also likely to be seen as a sign of improving relations between the two countries. China and Australia have been engaged in a series of diplomatic disputes in recent years, including over issues such as human rights, trade and security.
The decision to lift the restrictions is likely to be welcomed by the Australian coal industry, which had been struggling due to the restrictions. The industry is now expected to benefit from increased demand from China, as the country looks to increase its coal imports in order to meet its energy needs. It is also likely to be seen as a sign that the two countries are committed to improving their trade relationship. The decision to lift the restrictions is likely to be seen as a sign that both countries are willing to work together to resolve their differences.
The decision is also likely to be welcomed by other countries that export coal to China, such as Indonesia and Russia. The removal of the restrictions is likely to increase competition in the Chinese coal market, which could benefit other countries. The decision is also likely to be seen as a sign that China is willing to work with its trading partners to resolve disputes. The decision to lift the restrictions could be seen as a sign that China is willing to work with other countries to resolve their differences in a constructive manner.
Overall, the decision to lift the restrictions on Australian coal imports is likely to be seen as a positive step forward for both countries. It is likely to be seen as a sign that China is willing to work with its trading partners to resolve their differences, and that Australia is committed to strengthening its trade relationship with China.
