China Lifts Heavy Tariffs on Australian Wine as Ties Improve

China Lifts Heavy Tariffs on Australian Wine as Ties Improve

China on Thursday said it will lift tariffs placed on Australian wine over three years ago, in a sign of improving ties between the two countries. China’s Ministry of Commerce said the decision will take effect Friday. China imposed tariffs on Australian wine in 2020 during a diplomatic feud over Australia’s support for a global … Read more

Australia’s Bid to Navigate Troubled Waters in Red Sea

Australia’s Bid to Navigate Troubled Waters in Red Sea

As Houthi rebels continue attacks on ships in the Red Sea, companies the world over are feeling the pain, with Australia no exception.  An Australian livestock shipment bound for Israel in January was ordered back by its government due to the threat of Houthi attacks, only re-embarking in March after the Australian Defense Force stepped … Read more

Why Australia and the Philippines Are Natural Partners on Renewable Energy

Rights Group Reports Allegations of Dozens of Abuses in Critical Minerals Supply Chains

Advertisement The Philippines and Australia can deepen bilateral relations and business ties by collaborating in the development of renewable energy to drive economic growth in their respective countries. Both nations are endowed with renewable energy resources and are well-placed to benefit from the energy transition. Australia is installing solar and wind generation capacity at the … Read more

Australia Forecasts First Annual Budget Surplus in 15 years

Advertisement The Australian government forecast the nation’s first balanced annual budget in 15 years but warned Tuesday that economic pressures such as persistent inflation, elevated interest rates, rising unemployment, and slowing growth would sink the country into deeper debt. Treasurer Jim Chalmers announced that a surplus of 4.2 billion Australian dollars ($2.8 billion) was forecast … Read more