China to Lift Australian Lobster Ban by Year-End

The decision marks a significant thaw in diplomatic relations and could revive a key export market for Australian fisheries.

• Australian Prime Minister Anthony Albanese secured an agreement with Chinese Premier Li Qiang to resume lobster exports by the end of 2024, in time for the Chinese New Year.
• The lobster ban was part of broader trade restrictions imposed by China in 2020 after Australia called for an independent COVID-19 inquiry.
• Before the ban, China was the largest market for Australian lobsters, accounting for over 90% of exports and generating significant revenue for the industry.
• The lifting of the lobster ban follows the removal of other trade barriers on Australian products like wine, barley, and beef, signaling a gradual improvement in bilateral relations.
• The resumption of trade is expected to boost regional Australian economies, although local lobster prices may rise due to increased export demand.

12 Articles

Australian Broadcasting Corporation Australian Broadcasting Corporation The Sydney Morning Herald Australian Broadcasting Corporation The Independent South China Morning Post The Sydney Morning Herald The Seattle Times Associated Press Australian Broadcasting Corporation 9News The Sydney Morning Herald