The Australian government said on Thursday a change in China's iron ore inspection procedures should streamline customs clearance of Australian shipments, reassuring markets worried about deteriorating ties between Canberra and Beijing.
SYDNEY/MELBOURNE - The Australian government said on Thursday a change in China’s iron ore inspection procedures should streamline customs clearance of Australian shipments, reassuring markets worried about deteriorating ties between Canberra and Beijing.
On Wednesday, China said it would simplify customs inspection procedures for iron ore imports from June 1, with quality checks no longer mandatory. Diplomatic relations were recently strained by Australia’s call for an independent inquiry into the origins of the coronavirus.Australian Trade Minister Simon Birmingham said the move could streamline the customs clearance of iron ore.
China’s state-owned Global Times, which has attacked Australia over its lobbying for a coronavirus inquiry, said the changes were not aimed at Australia.
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