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Australia 'carefully and closely'.........>

AUSTRALIA
AUSTRALIA: Australia 'carefully and closely' watching US-China phase one
purchases for signs of trade diversion (SCMP)
- Canberra is looking "carefully and closely" at US-China trade flows, with the
inference that the phase one trade deal is causing "managed trade" that may
breach World Trade Organisation protocols and damage Australia's exports. Trade
minister Simon Birmingham told the South China Morning Post in a statement on
Monday that while "the full nature or implications of this arrangement may not
be clear for some time", Australia is on the lookout for trade diversion that
could hit its own exports to China.
- Link: https://tinyurl.com/y9ocoaa7
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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