Between January 1 and August 1, 2019, purchasers of the People’s Republic of China significantly increased the volume of imports to their country of beef produced by Australia's processors.
It is noteworthy that the annual quota established in the framework of trade relations between the two states was mastered four months earlier than originally agreed.
And it should be noted here that in the first seven months of this year, Australia exported one hundred seventy-two thousand four hundred and eleven tons of meat to the Chinese market. And this figure is one hundred seventy thousand tons more than previously agreed.
Market analysts are confident that an increase in Australian meat purchases could lead to lower beef tariffs and higher quotas in the very near future.
Some experts are convinced that the quota for the supply of meat will be completely canceled, and Australian suppliers will be able to export beef to China duty-free. In particular, such forecasts are made by Li Gusyan, a leading specialist at the Institute for the Development of the Agro-Industrial Complex at the Chinese Academy of Sciences.