China’s Envoy: China to resume imports of Australian timber
|China’s ambassador to Australia, Xiao Qian, said that China is on track to resume imports of Australian timber from Thursday and that talks are underway about a visit by Australian Prime Minister Anthony Albanese to Beijing, per the South China Morning Post (SCMP).
Key quotes
“[On Wednesday], the Chinese customs has formally notified the Australian minister of agriculture that starting from [Thursday] China will resume import of Australian timbers.”
“Discussions about a visit by Albanese were underway and he hoped it would happen “as early as possible”.
“The Chinese side, the Australian side we are keeping in touch with each other through diplomatic channels so we can find out the time that will be convenient for both sides.”
Australian timber imports to China have been largely suspended since late 2020 after Beijing said it had found pests in shipments.
Market reaction
AUD/USD is failing to find any inspiration from the upbeat news, trading 0.17% lower on the day at 0.6650, as of writing.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.