Fresh analysis shows disrupted exports could be worth up to $19bn a year, but many effects won’t be seen until the pandemic ends
China’s widening trade actions against Australia have disrupted exports worth up to $19bn a year, according to new analysis, sparking calls for the Morrison government to seek a reset in the relationship to forestall further economic pain.
On top of the hit to the barley, beef, cotton, coal and wine sectors, an additional $28bn worth of services exports could be at risk if Beijing’s warnings to its citizens against travel to Australia – based on claims of an elevated risk of racist attacks – prevents a post-Covid recovery in tourism and international education.
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