BR100 Decreased By (-0.15%)
BR30 Decreased By (-0.74%)
KSE100 Decreased By (-0.41%)
KSE30 Decreased By (-0.67%)
BECO 5.80 Decreased By ▼ -0.23 (-3.81%)
BML 58.03 Increased By ▲ 5.28 (10.01%)
BOP 33.85 Decreased By ▼ -0.40 (-1.17%)
CNERGY 8.15 Decreased By ▼ -0.01 (-0.12%)
DCL 11.77 Decreased By ▼ -0.57 (-4.62%)
FCCL 53.35 Decreased By ▼ -0.54 (-1%)
FCSC 5.40 Increased By ▲ 0.18 (3.45%)
FFL 17.89 Decreased By ▼ -0.14 (-0.78%)
FNEL 1.31 Increased By ▲ 0.01 (0.77%)
HUMNL 11.06 Increased By ▲ 0.06 (0.55%)
KEL 8.05 Decreased By ▼ -0.06 (-0.74%)
KOSM 5.45 Increased By ▲ 0.07 (1.3%)
MLCF 87.19 Decreased By ▼ -0.86 (-0.98%)
NBP 184.60 Decreased By ▼ -1.88 (-1.01%)
PACE 11.62 Increased By ▲ 0.90 (8.4%)
PAEL 40.31 Increased By ▲ 0.37 (0.93%)
PIAHCLA 26.10 Decreased By ▼ -0.07 (-0.27%)
PIBTL 17.09 Decreased By ▼ -0.23 (-1.33%)
PPL 228.40 Decreased By ▼ -4.38 (-1.88%)
PRL 34.59 Decreased By ▼ -0.36 (-1.03%)
PTC 67.35 Decreased By ▼ -0.21 (-0.31%)
SEARL 91.00 Increased By ▲ 0.07 (0.08%)
SSGC 26.90 Decreased By ▼ -0.27 (-0.99%)
TELE 8.53 Decreased By ▼ -0.04 (-0.47%)
THCCL 66.14 Increased By ▲ 6.01 (10%)
TPLP 9.29 Increased By ▲ 0.53 (6.05%)
TREET 24.59 Increased By ▲ 0.05 (0.2%)
TRG 71.69 Decreased By ▼ -0.06 (-0.08%)
WAVES 10.98 Increased By ▲ 1.00 (10.02%)
WTL 1.28 Increased By ▲ 0.02 (1.59%)
World

China, Australia to restart annual meetings as trade resumes

Published November 7, 2023 Updated November 7, 2023 10:46am
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.