After more than two years of trade war, the first batch of Australian coal arrived in China this morning (9th).

(Bloomberg file photo)

[Financial Channel/Comprehensive Report] A trade war broke out between Australia and China in 2020. For more than two years, the first batch of Australian coal arrived in China this morning (9th), showing that after several months of diplomatic negotiations, the trade relationship between the two countries has broken the ice. There are also growing calls for China to further lift trade sanctions.

According to comprehensive foreign media reports, the then Australian Prime Minister Scott Morrison (Scott Morrison) called for an investigation into the origin of the virus after the outbreak of Wuhan pneumonia (new coronavirus disease, COVID-19), which aroused China's dissatisfaction. Import restrictions were imposed on coal and the punitive trade action was later extended to other Australian agricultural products.

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The bulk carrier Magic Eclipse, carrying about 72,000 tonnes of Australian coking coal, stopped near the southern Chinese port city of Zhanjiang on Thursday morning, according to shipping data from Bloomberg.

Zhanjiang is the center of steel production in China.

After the election of the center-left Labor Party government in Australia, China-Australia diplomatic relations have gradually improved. Australian Trade Minister Don Farrell (Don Farrell) and Chinese Commerce Minister Wang Wentao held talks on Monday (6th). This is the first bilateral trade in more than two years. negotiation.

Canberra also wants Beijing to ease sanctions on other Australian goods including barley, lobster and wine after the first batch of Australian coal arrived in China.

Opposition foreign affairs spokesman Simon Birmingham said the news of the arrival of coal in China was welcome but more work needed to be done.

If China really wants to stabilize relations, end wolf warrior diplomacy, and promise no more economic coercion, they should lift unfair trade sanctions across the board.

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