China removes all remaining curbs on Australian coal imports

China will allow all domestic companies to import Australian coal, signalling an end to trade restrictions imposed in late 2020.

Ports and customs offices have been told to allow the cargoes, according to people familiar with the decision, who asked not to be identified because the information isn’t public. Earlier this year, authorities gave four major importers permission to resumeThe National Development and Reform Commission, China’s economic planning agency, didn’t immediately respond to a request for comment.

High-quality Australian coal is much sought after by China’s steelmakers and power plants. Imports could reach 1 million tonnes in the first half of March alone, according to China’s top coal lobbying group. China is the world’s biggest producer and consumer and its imports of the fuel exceeded 290 million tonnes last year.

Australian leaders have said ending the ban would be a key step in restoring ties between the nations.The thaw in relations between the two countries comes as a welcome development for Australian exporters of other commodities hit by a raft of restrictions, including lobster, beef, barley and wine. Australian lobster exporters aren’t seeing the same obstacles from Chinese authorities that were previously in place, Australia’s Agriculture Minister Murray Watt said at a conference in Canberra last week. And there are early signs that impediments to beef and dairy shippers are also beginning to ease, he said.

And what did China get in return? AUKUS Australia is a world-class backstabber. Ask Macron.

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