Topic “In the News News” — Exporter Magazine

Changes to the Rules of Origin under the Australia New Zealand Closer Economic Relations Trade Agreement (CER), will reduce costs for exporters, according to ab an online report cby Fibre2Fashion, citing Customs Minister Maurice Williamson and Trade Minister Tim Groser. UK soft drinks producers have been accused of being “blatantly misleading”, in the way they market their products to children and their parents, according to a report by FoodManufacturer.co.uk. Tesco has announced that it intends to sell off its Japan business after eight years trying to break into the market, according to BBC News. India is suffering growing pains as global demand for its agricultural and manufacturing goods is greater than its transportation infrastructure can handle, according to the Shipping Gazette. New Zealand’s Free Trade Agreement (FTA) with China has resulted in a windfall for manufacturers of beef and lamb products in New Zealand with huge savings made on tariffs, according to FoodProductionDaily.com. The New Zealand potato industry is worried the fallout from a devastating crop disease means it won’t be long before some growers quit the industry, according to Radio New Zealand. China’s largest shipping company COSCO (Ocean Shipping Group Co) Holdings last week reported a loss of 271 billion yuan (USD$432 million) for the first half of 2011, registering a massive 176.8% decline year-on-year, according to China Daily.