Australia’s lobster industry hopeful China will drop trade sanctions

Exporters optimistic as Penny Wong raises trade with her Chinese counterpart but many are also wary of being ‘burned again’ by volatile diplomatic relations

Australia’s lobster industry is cautiously optimistic that China could soon remove trade restrictions, but exporters are wary of being “burned again” by sanctions and volatile diplomatic relations.

Many businesses have been paying close attention to foreign affairs minister Penny Wong’s trip to China this week – the first by an Australian minister in three years – where she discussed “trade blockages” with her counterparts.

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