InDaily

Tag: exports

  • SA lobsters back on China’s menu after export ban breakthrough

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    Beijing maintains a block on live rock lobster imports from Australia despite dropping billions of dollars of other tariffs on Australian products such as barley and wine. Prime Minister Anthony Albanese and Chinese Premier Li Qiang agreed the embargo would be lifted by the end of 2024 after meeting on the sidelines of the ASEAN…

  • The one bit of the Trump vs Harris debate that South Australians should watch

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    Last week’s US Presidential debate, while providing plenty of sound bites, provided little substance on economic policies by either candidate. One exception, however, was very short discussion on the proposed use of tariffs by a potential Trump administration. Former President Trump has pledge to raise tariffs of “up to” 20 per cent on “most” goods…

  • SA ports deliver multi-billion-dollar economic boost

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    A Ports Australia report has found South Australia’s ports contribute $4.5 billion to Gross State Product (GSP) annually and ship 14 per cent of the country’s agriculture and food trade by volume. The ‘State of Trade 2024’ economic impact study found SA ports facilitate $22 billion worth of international trade annually and contribute to more…

  • SA makes up bulk of post-tariff wine exports to China

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    Federal agriculture minister Murray Watt said the total value of bottled wine sent to China during May was $142.2 million – the fourth highest monthly export figure since the peak of trade in 2019. China dropped punitive tariffs on Australian wine exports earlier this year after tensions between the two nations cooled. In total, more…

  • Australia won’t always rely on China for trade

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    You’d be excused if you were nervous about our national reliance on trade with China. There is plenty of news that should make you worry about the Middle Kingdom. I listed a few of them in a previous column: China is a rapidly ageing country, has a shrinking population (that it accidentally over-counted by around 100…

  • Australia’s China exports begin to bounce back

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    The Chinese government has progressively removed trade barriers on Australian-made agricultural products since the Albanese government’s May 2022 election win. With renewed access to Australia’s largest trading partner, producers of barley, cotton, oaten hay and timber have had their exports swell by more than $3 billion over the past year and a bit. Agriculture Minister…

  • New trade and investment appointments to get India’s eyes on SA

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    To be based in Chennai and Mumbai respectively, Kamran Khan and Priya Pankaj have been appointed in-country directors for SA trade and investment in India. Trade and investment minister Joe Szakacs said the new appointees have been tasked with leading export growth and facilitating and securing foreign direct investment into SA from India – the…

  • Unico Zelo is selling Australia to the US, not just wine

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    Unico Zelo cofounder Brendan Carter called it the company’s busiest start to the year ever. This week, he has been doing blind tastings on a canned drink that will launch in coming months. The team has also set up a new onsite studio for its growing YouTube channel, Wine for the People, and has had…

  • China moves to dump crippling tariffs on Australian wine

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    Beijing is reviewing the sanctions through a five-month process after the Albanese government agreed to suspend Australia’s dispute lodged with the World Trade Organisation until March 31. The Chinese government late on Tuesday released its interim recommendation that the duties on wine are no longer necessary. Punitive tariffs of more than 200 per cent were slapped…

  • Australian winemakers hope China is about to lift crushing tariffs

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    Federal Trade Minister Don Farrell met with his Chinese counterpart Wang Wentao on the sidelines of the World Trade Organisation’s ministerial conference in Abu Dhabi. China slapped sanctions worth $20 billion on Australian products including wine, lobsters, barley and timber during the height of diplomatic tensions in 2020, after the then-coalition government called for an…