[10 November/Stuff]

New Zealand has recently won a WTO appeal to reduce trade barriers with Indonesia, prompting a step up in our beef trade with the country. Trade Minister David Parker estimated a $1 billion loss in beef sales since the trade barrier was introduced. Meat Industry Association Chief Executive Tim Ritchie said there would not be an immediate impact as trade with the nation had already started to liberalise one year ago. The WTO ruled that the Indonesia trade rules were inconsistent with global trade rules. New Zealand and the US initiated the case back in 2013.