U.S., Allies 'Biggest Beneficiaries Of Australia's $17b China Trade Row, Report Finds

U.S., Allies 'Biggest Beneficiaries Of Australia's $17b China Trade Row, Report Finds

Andrew H. Sweet

UTS's Australia-China Relations Institute has released figures that show the value of 12 Australian exports to China affected by sanctions fell by $US12.6 billion ($17.3b) in the first nine months of this year compared with 2019.

During the same period, the value of U.S. exports of the same commodities increased by $US4.6 billion ($6.3 billion), while those of Canada and New Zealand jumped by $US1.1b and $US786 million, respectively.

Institute director James Laurenceson said the data showed Australia's pursuit of closer security ties with the U.S. and other western democracies was not stopping its allies from capitalizing on its trade predicament.

Read the original story here.

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