Australia will suspend a complaint against China with the World Trade Organization after Beijing agreed to review steep tariffs on Australian barley, in the latest breakthrough that signalled the easing of trade tensions between the countries.
Penny Wong, Australia’s foreign minister, said on Tuesday that the suspension of the WTO appeal was a “sign of goodwill” as Canberra attempted to rebuild relations with its largest trading partner.
“We hope this will be a template for other areas of dispute,” Wong said, adding that if a barley settlement was reached, she expected a similar process over wine tariffs.
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