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According to the Australian Department of National Development, the sales of the project signed by the two parties reached 40 million Australian dollars (25.5 million US dollars). In December last year, China resumed the import trade of Australian lobsters. China Eastern Logistics completed the first import business of Australian lobsters and delivered fresh seafood to major retailers through its cold chain logistics network. Ferguson Australia General Manager Andrew Ferguson said: "We are very pleased to be a partner in the signing of this important memorandum of understanding, which marks the beginning of a strong and exciting strategic partnership with China Eastern Airlines and its cold chain department." "By integrating our supply chain advantages, we will work together with China Eastern Supply Chain to unlock greater market potential," he added. Earlier this year, representatives of China Eastern Group and 11 seafood importers from China and Hong Kong visited South Australia to meet with local producers and discuss cooperation matters. At the China International Import Expo in November last year, Ferguson Australia was one of the 26 Australian companies supported by the government. Data shows that in January and February this year, South Australia exported more than 520 tons of lobsters to China, with an export value of 47.1 million Australian dollars.

Core Tip: As the Sino-US trade war continues to escalate, Boston lobsters exported from the United States to China face tariffs of more than 125%. Industry insiders predict that the import and export trade between the two countries will be decoupled in 2025. American lobsters can only enter the processing plant at a low price, and Chinese buyers will purchase more Canadian and Australian lobsters.

Core Tip: From March 23 to 25, U.S. and Russian officials met in Saudi Arabia to put forward conditions for ending the Ukrainian war and restoring bilateral relations. The two countries reached an agreement called the "Black Sea Initiative", in which the summary disclosed that the two countries would take a series of measures to promote peace in the region, provided that the United States met the six conditions put forward by Russia.