Business

China-Australia relations: damage from trade bans limited as Australian exporters ‘successfully pivot’ to new markets



The cost of China’s ban on a series of Australian goods has been almost negligible for some of the country’s exporters, indicating Australia’s dependence on the world’s second largest economy for trade has not been as devastating as some had predicted, a new report has found.Free markets have provided exporters “risk mitigation mechanisms”, including opportunities to redirect goods to other countries or switch to supplying other products, and financial insurance in the form of earlier bumper…



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