World's biggest dairy company joins exclusive international trade group

12:59, May 30, 2011      

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New Zealand-based Fonterra, the world's biggest dairy company, has been given a seat on an exclusive international body that advises governments on trade and customs practices.

Fonterra was the first New Zealand company invited to join the World Customs Organization's Private Sector Consultative Group ( PSCG), said a statement from the company Monday.

The PSCG advised the World Customs Organization (WCO), the intergovernmental body that develops global customs standards, and procedures relating to trade facilitation and supply chain security, said the statement.

Fonterra Group customs manager Robb Stevens said in the statement that membership of the 30-strong PSCG was by invitation only and included major global companies such as General Motors, IBM, FedEx and the World Shipping Council.

Stevens said the invitation recognized the cooperative's global presence as a manufacturer, international seller and experience with customs authorities in various markets. As a PSCG member, Fonterra would have input in simplifying customs processes to smooth the flow of goods for all New Zealand importers and exporters.

"As a country that relies on exports, it's in our interests to see consistency in market rules, access and regulation. As the world's largest dairy exporter and with our products now in over 140 countries, we have an important contribution to make both for New Zealand and for Fonterra," said Stevens.

New Zealand Customs Service group manager of policy Denise Hing said having a company involved in the group was a major opportunity for New Zealand.

"The PSCG has significant influence on the WCO's role in supporting the growth of world trade. This a genuine opportunity for a major New Zealand company to have a say in the development of more efficient global supply chains," said Hing.

Established in 2006, the PSCG has focused on the implementation of the WCO's SAFE Framework of Standards to Secure and Facilitate Global Trade.

The group also advises the Secretary General and WCO Policy Commission on issues such as the impact of the global financial crisis and business recovery.

Stevens would represent Fonterra at the 19th meeting of the PSCG from June 20 to 22 in Brussels, Belgium.

Source: Xinhua
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