Australia’s Department of Foreign Affairs and Trade said on the 9th that China has increased its import quota for Australian wool this year. The move brings a positive impact on the relationship between China and Australia at a time when the relationship is extremely tense.
The press office of the Australian Department of Foreign Affairs and Trade said in a statement that Australian wool producers have gained greater access to China through the China-Australia Free Trade Agreement, according to a comprehensive report.
China will increase its import quota for Australian wool from about 36,465 tons in 2020 to 38,288 tons this year, an increase of about 5 percent.
Dominic Shortis, a representative of wool producers in the Australian state of NSW, noted that this is really good news for the wool industry. Wool Producers Australia chief executive Jo Hall also said it was good to see China honouring its commitment to the free trade agreement, a move that reinforces the respect and mutual benefit between the Australian and Chinese wool industries.
According to reports, Australia controls nearly 90% of the world’s fine wool exports, with prices driven mainly by Chinese wool mills and Italian apparel manufacturers.
Analysis shows that the trade war between China and Australia has been the focus of worldwide attention this year because of huawei and the investigation into the New Crown virus. In the first half, the Chinese government’s “offensive” was very strong, hitting Australia’s agricultural products, Australia is on the defensive, the Chinese government thinks it is very strong, hit the pain of Australia, the powerful war wolves are shouting to kill. But in the second half, the situation is completely reversed, Australia plays its own almost monopoly of resource advantages, the offensive is more and more fierce, China now has only the power to fight, coal panic, electricity shortage after another. The trade war launched by the Chinese Communist authorities can be said to have lifted a stone and smashed its own feet. Now the situation can not directly concede, trying to find a step for themselves.
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