It is reported that China will release the import of Australian lobster.

(Bloomberg)

[Financial Channel/Comprehensive Report] After 2 years of economic bullying, recently it has been repeatedly reported that China has extended an olive branch to Australia. First, it released the import of Australian coal, and now it is reported that the ban on Australian lobster will also be lifted.

A former Australian diplomat analyzed that China may take this opportunity to propose an exchange of documents to Australia, or it may use this opportunity to seek Australia's support, or it may not object to China's joining the CPTPP.

According to Deutsche Welle and the South China Morning Post, China earlier lifted the coal ban on Australia. Coal became the first industry to lift the ban after the improvement of Sino-Australian relations. Now lobster and other commodities have the opportunity to become the next target of China's official loosening.

Please read on...

According to the official website of the Chinese Consulate in Perth, Long Dingbin, the Chinese Consul General in Perth, visited the "Jilongteng Fishermen Cooperation Co., Ltd." in Western Australia on January 11. Xiao Qian, the Chinese ambassador to Australia, claimed that China and Australia will Same day as normal relationship resumed.

Regarding the gradual thawing of Sino-Australian relations, the Australian think tank Lowy Institute (Lowy Institute) issued an article on the 23rd. Former Australian diplomat Brown (Justin Brown) believes that Australia’s goal is to ensure a minimum concession and allow China to remove all restrictions. If China proposes a quid pro quo, it will become more complicated if it wants to reach a solution that both sides agree to.

Brown continued, whether China will use this opportunity to seek Australia's support, or not to object to its application to join the CPTPP, deserves attention.

Once China agrees to fully resume the import of Australian goods, it may put pressure on Australia and ask Australia to take a more positive stance on China's accession to the CPTPP.

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