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    Home > Food News > Food Articles > Australian lobster's export trade to China is drifting away

    Australian lobster's export trade to China is drifting away

    • Last Update: 2021-07-29
    • Source: Internet
    • Author: User
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    From SeafoodNews on June 22, China is Australia 's largest trading partner of rock lobster and will also become the world's largest economy
    .
    This should be good news, but there is also a problem: Australia is also eager to form alliances with the United States and the West and gain support from allies
    .
     
    With the "tension" of Sino-US relations and the influence of geopolitics, some people in Australia worry that their country may pay the price of being caught between these two countries
    .
     
    Experts say that these competing strategies, and Australia's recent strategic shift to the West, are to some extent related to China's year-long trade war and the plunge in lobster prices
    .
     
    96% of southern Australian lobsters are exported to China, and the annual trade volume with Australia exceeds 500 million U.
    S.
    dollars
    .
    Since the end of last year, after Chinese officials declared that lobster samples contained heavy metals, the import of lobster was suddenly banned
    .
     
    The lobster ban was quickly condemned by Australians, saying it was another step in a long-term trade dispute between the two countries, which has affected the exports of other major agricultural products such as barley, wine and beef
    .
     
    Last Saturday (June 18), the Australian government stated that it was filing a formal complaint to the World Trade Organization (WTO) regarding China's anti-dumping duties on Australian wine exports
    .
     
    Australian National University (Australian NatioAccording to John Blaxland, professor of international security and intelligence studies at nal University, we are facing a problem that has not been encountered by generations of people
    .
    Australia will not dilute its alliance with the United States, and is willing to endure economic pain at the expense of economic interests, because it is "worried about being forgotten by politics
    .
    "
     
    He pointed out that historically, Australian leaders have been seeking to balance their security relations with the United States and trade interests with China, but recently, this has become more and more problematic
    .
     
      As a guest at the G7 meeting, Australian Prime Minister Scott Morrison met with US President Joe Biden during the meeting and signed a new major free trade agreement with the host, the United Kingdom
    .
     
      British Prime Minister Boris Johnson and French President Emmanuel Macron held meetings with Morrison in London and Paris respectively, saying that their respective countries stand side by side with Australia
    .
    However, Johnson quickly added, “No one wants to be caught in a new cold war with China
    .
     
      Local economists believe that Canberra’s willingness to align with Washington’s China policy has a direct impact on Australia’s trade relations with China
    .
     
      James Laurence, director of the Australian-China Relations Institute at the University of Technology Sydney, said that China has no objection to Australia becoming a security ally of the United States, but when Australia uses this alliance to attack China, Entangling policy issues is a risky thing, and it also brings economic costs
    .
     
      According to the Australian Bureau of Statistics, China accounts for nearly 40% of Australia’s total exports
    .
    Australia’s loss of profits is real.
    According to the agency’s data, exports to China will decrease by approximately US$2.
    3 billion in 2020
    .
    China Australia Lobster United States
     
      With the "tension" of Sino-US relations and the influence of geopolitics, some people in Australia worry that their country may pay the price of being caught between these two countries
    .
     
      Experts say that these competing strategies, and Australia's recent strategic shift to the West, are to some extent related to China's year-long trade war and the plunge in lobster prices
    .
     
      96% of southern Australian lobsters are exported to China, and the annual trade volume with Australia exceeds 500 million U.
    S.
    dollars
    .
    Since the end of last year, after Chinese officials declared that lobster samples contained heavy metals, the import of lobster was suddenly banned
    .
    Exit
     
      The lobster ban was quickly condemned by Australians, saying it was another step in a long-term trade dispute between the two countries, which has affected the exports of other major agricultural products such as barley, wine and beef
    .
     
      Last Saturday (June 18), the Australian government stated that it was filing a formal complaint to the World Trade Organization (WTO) regarding China's anti-dumping duties on Australian wine exports
    .
     
      Australian National University (Australian NatioAccording to John Blaxland, professor of international security and intelligence studies at nal University, we are facing a problem that has not been encountered by generations of people
    .
    Australia will not dilute its alliance with the United States, and is willing to endure economic pain at the expense of economic interests, because it is "worried about being forgotten by politics
    .
    "
     
      He pointed out that historically, Australian leaders have been seeking to balance their security relations with the United States and trade interests with China, but recently, this has become more and more problematic
    .
     
      As a guest at the G7 meeting, Australian Prime Minister Scott Morrison met with US President Joe Biden during the meeting and signed a new major free trade agreement with the host, the United Kingdom
    .
     
      British Prime Minister Boris Johnson and French President Emmanuel Macron held meetings with Morrison in London and Paris respectively, saying that their respective countries stand side by side with Australia
    .
    However, Johnson quickly added, “No one wants to be caught in a new cold war with China
    .
     
      Local economists believe that Canberra’s willingness to align with Washington’s China policy has a direct impact on Australia’s trade relations with China
    .
     
      James Laurence, director of the Australian-China Relations Institute at the University of Technology Sydney, said that China has no objection to Australia becoming a security ally of the United States, but when Australia uses this alliance to attack China, Entangling policy issues is a risky thing, and it also brings economic costs
    .
     
      According to the Australian Bureau of Statistics, China accounts for nearly 40% of Australia’s total exports
    .
    Australia’s loss of profits is real.
    According to the agency’s data, exports to China will decrease by approximately US$2.
    3 billion in 2020
    .
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