BR100 Increased By (0.14%)
BR30 Decreased By (-0.19%)
KSE100 Increased By (0.12%)
KSE30 Increased By (0.09%)
AGHA 7.79 Increased By ▲ 0.04 (0.52%)
BECO 5.23 Increased By ▲ 0.04 (0.77%)
BML 57.26 Decreased By ▼ -1.40 (-2.39%)
BOP 34.10 Increased By ▲ 0.41 (1.22%)
CNERGY 9.92 Decreased By ▼ -0.69 (-6.5%)
CSIL 5.35 Increased By ▲ 0.05 (0.94%)
FCCL 54.61 Increased By ▲ 0.87 (1.62%)
FFL 16.70 Increased By ▲ 0.24 (1.46%)
FNEL 1.24 Increased By ▲ 0.02 (1.64%)
KEL 7.42 Increased By ▲ 0.14 (1.92%)
KOSM 5.75 Increased By ▲ 0.11 (1.95%)
LOTCHEM 29.35 Decreased By ▼ -0.30 (-1.01%)
MLCF 94.35 Decreased By ▼ -2.01 (-2.09%)
NBP 202.70 Decreased By ▼ -0.83 (-0.41%)
NCPL 57.00 Increased By ▲ 0.15 (0.26%)
NPL 67.78 Increased By ▲ 0.47 (0.7%)
OGDC 316.40 Decreased By ▼ -1.82 (-0.57%)
PACE 10.64 Increased By ▲ 0.01 (0.09%)
PAEL 43.15 Increased By ▲ 1.38 (3.3%)
PIBTL 16.72 Decreased By ▼ -0.09 (-0.54%)
PPL 220.50 Increased By ▲ 0.33 (0.15%)
PRL 49.05 No Change ▼ 0.00 (0%)
PTC 70.98 Increased By ▲ 0.97 (1.39%)
SSGC 28.17 Decreased By ▼ -0.97 (-3.33%)
TBL 9.90 Increased By ▲ 0.13 (1.33%)
TELE 8.80 Decreased By ▼ -0.02 (-0.23%)
TPL 18.14 Increased By ▲ 0.97 (5.65%)
TPLP 13.40 Increased By ▲ 0.89 (7.11%)
TREET 22.75 Increased By ▲ 0.16 (0.71%)
TRG 60.30 Increased By ▲ 0.08 (0.13%)
World

China, Australia to restart annual meetings as trade resumes

Published Updated
Photo: AFP
Photo: AFP
By

BEIJING/SYDNEY: Australia’s Prime Minister Anthony Albanese met Chinese Premier Li Qiang in Beijing on Tuesday, in what Albanese said was an annual leaders’ meeting that would continue as relations between the trading partners stabilised.

Albanese is in China on the first visit by an Australian leader in seven years, after a diplomatic dispute had put a halt to once-annual meetings of leaders.

President Xi Jinping said on Monday stable ties between China and Australia served each other’s interests and both should expand their cooperation, sending a clear signal that China was ready to move on from recent tensions.

“The fact that these meetings are now going to continue is very important for our relations,” Albanese said in opening remarks to Li at the Great Hall of the People.

China has lifted trade blocks on most Australian exports, that were imposed in 2020 in the wake of Australia’s call for an international investigation into the origins of the COVID-19 pandemic.

Albanese said they would discuss “the full resumption of free and unimpeded trade between our two countries”, as well as “ways to shape a regional and global order that is peaceful, stable and prosperous”, according to a transcript from his office.

China, Australia can become ‘trusting’ partners, Xi says

“Where there is geostrategic competition, we must all manage it carefully, through dialogue and through understanding,” he said.

China’s October imports from Australia grew 12% from a year earlier to $11.96 billion, Chinese customs data showed on Tuesday, accelerating from the 4.9% increase in September.

From January to October, Chinese imports rose 8.4% to $128.76 billion.

Last year, imports from Australia dived 12.7% to $142.1 billion.

Comments

Comments are closed for this article.