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New Iron Ore Inspection Rules won't harm Australia

Steel News - Published on Fri, 22 May 2020

Image Source: Iron Ore China
Australian government has talked down the potential impact new Chinese customs inspections could have on the iron ore industry. Trade Minister Simon Birmingham said "Early indications of talking to the industry are indeed that this would provide an opportunity for benefits both to China and to Australia. We welcome any improvements in administrative arrangements that could streamline the customs clearance of iron ore imports."

Chinese customs officials say the changes taking effect next month are designed to streamline procedures at ports. But the Global Times, considered a media voice of the Chinese government, has warned Australian iron ore imports could be hurt by political tensions between the two countries.

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Posted By : Yogender Pancholi on Fri, 22 May 2020
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