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Has the fundamentals of Sambhaav Media Limited (511630) changed ✌️【Trading Tools】✌️ Free break-even services to create a customized investment plan, helping you recover quickly and achieve growth. China has lifted bans on imports from five major Australian beef processing facilities, the Australian government said on Thursday, in the latest sign of improving relations between the two nations.
Beijing has now removed restrictions from eight abattoirs but two remain subject to import bans, the government said.
Chinaimposed the bansbetween 2020 and 2022, around the same time it barred imports of a swathe of commodities including coal, timber andwine from Australiaafter Canberra called for an independent investigation into the origin of COVID-19.
Has the fundamentals of Sambhaav Media Limited (511630) changed ✌️【Trading Tools】✌️ Professional analysis of stock market dynamics with real-time data for India stocks, US stocks, and European stocks to help you make precise decisions. The bans applied to certain abattoirs but did not affect others, which meant Australia was still able to ship beef to China.
“It was difficult for those particular abattoirs but we still saw beef flowing,” said Matt Dalgleish, an analyst at agricultural consultants Episode 3.
He said the removal of the restrictions should still boost Australian shipments to China, which have already risen to their highest level since 2020 as a shrinking cattle herd in the United States, Australia’s main competitor, reduces US exports.
China was Australia’s second-biggest beef export market last year, receiving 240,000 tons worth around $1.6 billion, Australian trade data shows.
Beijing has lifted most of the barriers it imposed on Australian goodssince a change of government in Canberra two years ago. A ban on imports of Australian lobsters remains in place.
“We continue to press China to remove the remaining trade impediments, including for Australia’s rock lobster industry,” Australian foreign minister Penny Wong, trade minister Don Farrell and agriculture minister Murray Watt said in a joint statement.
Has the fundamentals of Sambhaav Media Limited (511630) changed ✌️【Trading Tools】✌️ Free real-time stock index quotes to help you quickly seize market opportunities and achieve capital growth. They said China’s trade impediments at their height impacted Australian exports worth 20.6 billion Australian dollars ($13.6 billion).
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