Fonterra's Spierings warns resurgence of nationalism, protectionism threaten global trade

Wed, 01 Feb 2017

By Tina Morrison Feb. 2 (BusinessDesk) - Fonterra Cooperative Group, the world's largest dairy exporter, says a resurgence of nationalism and increased protectionism threaten global trade. Chief executive Theo Spierings told institutional investors at a briefing that among global trends, a "resurgence of nationalism brings uncertainty", citing Brexit, Turkey, China, Russia and the US, and also noted that "protectionism threatens global trade", according to notes from the briefing posted to the New Zealand stock exchange. Fonterra is t...

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