Field Notes, powered by KPMG, is a weekly news update on news nationally and globally from the agri-food sector.
Major New Zealand exporters of food and beverage are urging members from the World Trade Organisation to accelerate efforts to fix its currently suspended trade disputes mechanism. Attempts to reach a consensus on the Appellate Body WTO have failed leaving it unable to function. The Appellate body adjudicates on contested rulings over disputes between member states. The members stated that a stable enforceability mechanism provides certainty and confidence for exporters and that efforts need to be doubled to engage constructively in the reform process. The members report that the WTO had a major part in the growth of New Zealand economy over the past 25 years.
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