Anthony Albanese said China has a duty to itself and the region to practise free and fair trade, and expressed confidence Beijing’s remaining sanctions on Australian exports will be lifted.
| Anthony Albanese said China has a duty to itself and the region to practise free and fair trade, and expressed confidence Beijing’sAddressing China’s largest trade fair, Mr Albanese noted, pointedly, that despite Beijing imposing $20 billion in coercive trade sanctions over the past three years, Australia’s trade in goods and services reached a record level in 2022-23.AAP
Great Britain recently became the 12th member of the pact and six other nations have applied to join. The original pact, the Trans-Pacific Partnership, became the CPTPP after the US withdrew under the isolationist approach of Donald Trump. Mr Albanese’s trip, the first to China by an Australian prime minister since 2016, is the culmination of 18 months of efforts to stabilise the relationship following the standoffs between the Coalition government and Beijing which led to the trade bans.
HSBC chief executive Anthony Shaw regarded the occasion as so important he flew to China overnight to spend just a day in Shanghai as part of the Business Council delegation.
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