China has announced it will resume Australian timber exports after its more than two-year moratorium, the latest sign of improved economic and diplomatic relations between the two countries, according to Bloomberg.
China’s ambassador to Australia, Xiao Qian, said in Canberra on Thursday that the timber industry had been given the green light to resume this trade, which was halted in 2020 after China said it had found pests in some shipments, but that the concerns of China’s quarantine officials had fallen after a “serious study” of timber submitted by Australian exporters.
“They have met the requirements of Chinese customs, from today onwards, Australian timber will return to the Chinese market,” Xiao said.
Australia-China timber trade was valued at A $1.6 billion ($1.1 billion) in fiscal year 2019-20, according to government data.
GOOGL 
AMZN 
MET 
T 
WPM 
DM 
SVM 
CMC 
HKDUSD=X 
BABA 