China Lifts Ban on Australian Lobsters in Major Trade Breakthrough

China has agreed to lift its ban on Australian rock lobsters, a significant move in restoring trade relations between the two countries.

The ban, which had been in place since 2020, affected a trade worth $800 million annually. The decision was made following a meeting between Australian Prime Minister Anthony Albanese and Chinese Premier Li Qiang. The ban is expected to be lifted by the start of the Chinese New Year, marking a positive step in resolving broader trade tensions.

This development is part of a broader effort to restore the $20 billion trade relationship between the two nations.