The National Development and Reform Commission announced on May 6 that recently, some people in the Australian federal government have launched a series of interferences to undermine the two countries based on Cold War mentality and ideological prejudice. measures for normal exchanges and cooperation. Based on the current attitude of the Australian federal government towards China-Australia cooperation, the National Development and Reform Commission has decided to indefinitely suspend all activities under the China-Australia Strategic Economic Dialogue mechanism jointly led by the National Development and Reform Commission and relevant departments of the Australian federal government from now on.
According to the Chinese Government website, the China-Australia Strategic Economic Dialogue is an important mechanism under the regular meetings between the Prime Ministers of China and Australia, and is one of the various mechanisms to consolidate bilateral relations between China and Australia. As an important component, the two sides will strengthen economic ties through strategic dialogue on priorities in the economic and investment fields of the two countries.
Before 2015, China-Australia relations were good and the China-Australia Free Trade Agreement had been signed. Since 2016 Since then, relations between the two parties have continued to deteriorate. In recent days, the Australian federal government has taken a series of wrong actions on issues with China, not only tearing up the cooperation agreement on the “Belt and Road”, but also repeatedly making wrong remarks on core issues such as Taiwan. China’s move can also be said to be paying for Australia’s inappropriate behavior.
In 2020, the total trade volume between China and Australia accounted for as high as 35% of Australia’s total trade volume. Let’s look specifically at the part involving cotton. Australia is a major cotton-producing country in the eastern part of the southern hemisphere. The cotton harvest season is opposite to that in the northern hemisphere. A large amount of cotton is on the market in April/May every year. Australian cotton fiber quality is better, mainly grade 2, with high maturity and less three-strand fibers. Australia’s cotton output has decreased in the past three years, reaching around 500,000 tons. Australian cotton production in 2016 and 2017 was around 1 million tons. As Australia’s cotton production gradually decreases, its share of global cotton-producing countries also decreases. Judging from the output share of various cotton-producing countries in the world in 2020, Australian cotton ranked 7th, accounting for about 2%; in 2016, Australian cotton ranked 6th, accounting for 4%.
Australian cotton is also It is a major cotton exporter. From 2016 to 2018, Australian cotton exports were around 800,000 tons, accounting for about 85% of that year’s output; there was a decrease between 2019 and 2020. The status of cotton exports has also declined in recent years. In 2016, it ranked third in global exports, second only to the United States and India. Brazilian cotton exports increased significantly in 2020, and Australian cotton ranked fourth in the world.
Among the exporting countries, they are mainly sold to China, Turkey, Vietnam, and Indonesia, and China accounts for the largest proportion. high. Let’s take a look at the changes in the quantity of Australian cotton imported into China. In 2019, Australian cotton imports accounted for 22%, and in 2020, Australian cotton imports accounted for 6%. Australian cotton imports from January to March 2021 were low, only about 2,100 tons, which was the same as in the first three months of 2020. Australian cotton imports decreased by 94.12% compared to the previous year. my country’s total cotton imports from January to March 2021 were 970,000 tons, 59.02% higher than the same period last year. Therefore, the adjustment of my country’s cotton import structure and the reduction of Australian cotton did not have much impact. In comparison, the decrease in Australian cotton exports to China has a greater impact on Australian cotton than on my country’s industry.
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