Exports to China Soar to $17 Billion as Trade Barriers Fall

A record $16.8 billion (US$11 billion) in agriculture, fisheries, and forestry exports went to China in the last financial year as punitive trade barriers fell. The export increase in the 2022/23 financial year marked a 22 percent increase in value from the previous year. Cotton, barley, and roundwood subject to trade impediments were boosted in the year to October 2023 after the barriers came down. Cotton exports were valued at $824 million, a $757 million jump from the previous 12 months; barley was worth $443 million compared with $0; and roundwood was worth $780,000, up $646,000. Barriers remain on Australian wine entering the Chinese market but there are hopes the tariffs could be dropped as soon as next month....