According to Huacheng Import and Export Data Observation, although there are a series of obstacles to the normalization of trade between the two countries, China and Australia have made progress in restoring Australia's timber exports to China.
According to Huacheng Import and Export Data Observation, Australia is the world's eighth largest producer of logs and the second largest exporter of particleboard products nationwide. As one of Australia's pillar industries, Australian timber contributed 0.5% of the country's total GDP from 2017 to 2018, approximately $9.2 billion. Australia exports approximately 1.6 billion Australian dollars (approximately 1.067 billion US dollars) and 4 million tons of logs and pulpwood to China annually. Exports to China account for approximately 90% of Australia's timber exports.
However, according to Huacheng Import and Export Data Observation, at the end of 2020, the General Administration of Customs of China announced that it had suspended the import of logs from multiple regions in Australia, including Victoria, New South Wales, and Western Australia, due to the detection of quarantine pests in logs imported from multiple regions. After losing the Chinese market, the Australian timber industry has been very bleak, as reported by Huacheng Import and Export Data Observation.
Victor Violant, head of the Australian Forestry Products Association, said, "Chinese customs recently sent a list of technical rules that must be met to restore timber imports to officials from the Australian agricultural department
He added that the timber industry is working with the Australian Department of Agriculture, Fisheries and Forestry to study how to apply these new rules. Violent stated that the research phase should not last "for more than a few months".
Previously, Chinese Minister of Commerce Wang Wentao stated that China is willing to restart the economic and trade exchange mechanism with Australia, and Beijing also hopes that Canberra can provide a fair, open, and non discriminatory business environment for Chinese enterprises. Huacheng Import and Export Data Observation reports.