Business
China lifts import quota on Australian wool by 5 per cent – ABC News
The Australian wool industry remains unscathed from trade tensions with China, with imports increasing by 5 per cent.
Australian wool remains unscathed from trade tensions with China, with imports increasing by 5 per cent.
Key points:
- China has lifted its import quota on Australian wool
- The quota has increase to 38,288 tonnes from 36,000 tonnes
- New Zealand’s import quota set by China remains unchanged
The Department of Foreign Affairs and Trade today confirmed the quota will be lifted at a time when several Australian commodities such as barley, wine, coal and timber have been blacklisted.
The quota will increase…
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