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Products like coal and timber, but in not all restrictions have been restricted. Some remain on items like lobster and wine. I spoke to clive russell, who explains whats changed between beijing and canberra. The Centreleft Labor government was replacing the right wing government. That allowed a reset of relations between beijing and canberra which had been rocky. There had not been benefit for other party from the action china took. It cost china a lot of money to buy coal and barley from other places, so it wasnt really a win for them and it didnt hurt australia as far as australias miners were able to find alternate markets and didnt suffer that much at all. You said some tariffs remain but there are other sticking points in a relationship so is it possible they could go back to where they were or is a relationship on its way to recovery . China will always have difficulty with human rights and democratic freedoms and things l ....
In other products like coal and timber but not all restrictions have been lifted. Some still remain on items like lobster and wine. Earlier, i spoke to clive russell, an economist who explains what has changed. I explains what has changed. 1 think the major change was first a political one, australia had an election last year and the Centre Left Labour government was elected replacing the more right wing liberal National Coalition government which allowed a resumption of relations between beijing and canberra which had been rocky. It was also a Creeping Realisation that there hadnt been any benefit to either party from the trade action that china took, certainly of cost china a lot of money to, to buy. Barley from other places, and coal as well, and it wasnt really a win for them and didnt really hurt austr ....
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Our reporter ben king has the details. When drinkers gather at londons King Charles Pub this evening, there will be a new tax regime in place. Changes announced in March Come Into Effect today taxing stronger drinks more and weaker drinks less. At the same time, Alcohol Duties rise with inflation up by io. I . The result a complex series of changes. 12 sparkling wine will be i9p cheaper as higher rates for fizz are abolished. A can of pre mixed gin and tonic will be 5p cheaper. But a bottle of 12 still wine will rise 44p. A bottle of vodka up 76p and a bottle of 20 port up £1. 30. So among drinkers, there will be some winners and losers. But the wine and spirits industry, which sees many of its products hit with higher taxes, says customers will see higher prices and less choice. We have the biggest duty incre ....