-
B2PRIME Expands Tier-1 Access and Liquidity Architecture for Sophisticated Institutional Flow
-
Capital International Highlights Multilingual Access to Its Platform as European Economic Conditions Diverge
-
STARTRADER Adds 48 US Stock CFDs with 24-Hour Weekday Trading
-
Hazlewood takes six as Australia win first Test
-
'Ink' director Danny Boyle slams Trump's Truth Social 'lies'
-
Pope Leo admitted to hospital for lung operation
-
Coach Kovac extends contract at Dortmund until 2029
-
Hungary cuts anti-LGBTQ measures from Orban-era law
-
Activist Thunberg joins France student rally after violence at protests
-
Tech stocks slump on AI jitters; oil falls
-
Archer and Bethell in England squad for Australia ODI series
-
ePlanet Brokers Publishes H1 2026 Transparency Report and Highlights Best Broker 2026 Award
-
Formula One to return to Africa in 'early 2030s' in Rwanda
-
Van Gogh work unseen in public for 60 years on show in Hong Kong
-
US actor Selma Blair charged with assault after alleged flight altercation
-
Prosecutors drop most impeachment charges against Philippine VP Duterte
-
Hungary cuts anti-LGBTQ legislation from Orban-era law
-
Hypersonic weapons highlight arms race on the Korean peninsula
-
'Our future is being robbed': Greta Thunberg joins France student protests
-
Fiji appoint ex-Springboks boss White as coach ahead of World Cup
-
Late superstar Anita Mui's ashes missing in Hong Kong
-
Hungary to reverse Orban-era anti-LGBTQ legislation
-
'No choice': IMF says developing countries must cut spending despite war shock
-
Allen rushes Bills to thrilling 37-34 win over Rams
-
Boasting South Korea footballers spark rethink of military service exemptions
-
India youth shift tactics as police clamp down on election protest
-
Five dead as Hurricane Simon, Rachel pummel Mexico's Pacific coast
-
Malaysia's Firefly extends flight cancellations due to haze
-
Seoul, Tokyo stocks plunge as Asia suffers fresh tech rout
-
IMF upgrades 2026 growth forecast but warns of 'split' outlook
-
Damaged and drained, Indonesia's peatlands go up in smoke
-
Infantino could pull off 'Houdini' act as critics struggle for candidate
-
Dominant Australia wary of Pacific threat at Rugby League World Cup
-
France braces for fresh nationwide student demonstrations
-
Pope to be admitted to hospital for lung operation
-
Ahead of Israel vote, desert town becomes frontline against ultra-Orthodox expansion
-
Samoa's McFarland welcomes 'massive' arrival of ex-All Blacks for World Cup run-in
-
El Nino Watch: the impacts around the world this week
-
Brewers beat Dodgers 7-4 to extend MLB playoff lead
-
Man City, PSG clash at contrasting time for state-backed projects
-
Teenager shoots headmaster, teacher at French school
-
Akkodis Brings Multilingual Intelligence to Mercedes-AMG PETRONAS Formula One Team races
-
Digi Power X Announces $200 Million Debt Financing Commitment to Support Completion of Alabama AI Data Center and Provides Expansion Update
-
Melbourne imam denies links to suspected flydubai hijacker
-
'Breaking Bad' actor RJ Mitte dead: representatives
-
Coventry crush Newcastle to climb out of relegation zone
-
Former DR Congo president Kabila forms new force with M23 armed group
-
'Devastating' waves leave California beach homes on brink of collapse
-
Tom Cruise's 'Digger' tanks, leaving studio with $250 mn hole
-
Meta says its new AI models on par with OpenAI, Anthropic
China lifts final bans on Australian red meat as trade row nears end
China has fully lifted suspensions on Australian red meat, Canberra said Tuesday, dismantling one of the final barriers in a four-year trade war that hammered US$13 billion of exports.
A slew of Australia's most lucrative export commodities were effectively banned from China starting in 2020, as relations between the two nations started to fray.
But China has been gradually unwinding these barriers as Australia steps up efforts to mend ties on the diplomatic front.
Red meat and lobster were the last two commodities subject to some form of barrier or export ban.
Australian Prime Minister Anthony Albanese said Tuesday that China had paved the way for "full resumption of red meat exports".
Meanwhile, full lobster trade is expected to resume by the end of the year.
"We are close to the point where China's trade impediments -- which impacted Aus$20 billion (US$13 billion) worth of Australian exports -- have all been removed," trade minister Don Farrell said Tuesday.
Over the past two years, Beijing has dropped tariffs on Australian barley and wine, halted an import ban on timber and resumed shipments of coal.
China lifted suspensions on eight Australian slaughterhouses in May this year but kept barriers in place for two facilities.
- 'Great outcome' -
Those final two beef-processing plants were now able to resume exports to China.
China is Australia's second-most lucrative beef export market, behind the United States.
Australian Meat Industry Council spokesman Tim Ryan said it was a "great outcome".
"After four years of hard work on behalf of red meat exporters, this is a fantastic and very welcome result," he said.
Lobster exports are the last major Australian commodity awaiting the full resumption of trade with China.
Beijing had agreed to a "timetable to resume full lobster trade by the end of this year", Albanese said in October.
The sanctions are expected to be lifted in time for Lunar New Year next year when delicacies such as rock lobster are in hot demand.
Australia's relationship with China began unravelling in 2018 when Canberra excluded telecommunications giant Huawei from its 5G network on security grounds and later passed laws on foreign interference.
Then in 2020, Australia called for an international investigation into the origins of Covid-19 -- an action China saw as politically motivated.
Australia has spent much of the past two years trying to insulate the vital trade relationship with China -- its biggest trade partner -- from geopolitical headwinds.
Australia is part of a loose US-led alliance that has aggressively pushed back against China's bid for primacy in the Pacific region.
Tuesday's announcement comes as Beijing eyes deepening trade rifts with Europe and the United States.
Brussels and Washington have slapped punitive tariffs on China's electric vehicle exports, semiconductors, solar panels and a range of other goods.
Y.Bouchard--BTB