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shreeshay engineers limited (541112) stock rallies ✌️【Portfolio】✌️ Free break-even services with personalized investment plans. Quickly recover from losses, avoid risks, and achieve steady growth with expert stock predictions and real-time market updates. 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.
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“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.
shreeshay engineers limited (541112) stock rallies ✌️【Portfolio】✌️ Receive expert stock predictions with real-time updates on global market trends, including stock indices, futures prices, and forex fluctuations. Use our insights to improve your investment strategies and boost your returns. They said China’s trade impediments at their height impacted Australian exports worth 20.6 billion Australian dollars ($13.6 billion).
shreeshay engineers limited (541112) stock rallies ✌️【Portfolio】✌️ Free real-time stock market data, professional analysis, and expert insights to help you plan the best investment strategy. Get ahead of the competition with expert predictions on market trends. The reasons China gave for suspending the Australian beef processors were issues over labeling or contamination or cases of COVID-19 among their workers.
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