WTO declines Indonesia appeal on ruling over trade barriers that hurt NZ beef trade

WTO declines Indonesia appeal on ruling over trade barriers that hurt NZ beef trade
Jonathan Underhill
By Jonathan Underhill Nov. 10 (BusinessDesk) - The World Trade Organization has turned down Indonesia's appeal against a ruling that trade barriers imposed since 2011, which hurt New Zealand's beef exports, were inconsistent with global trade rules. New Zealand had invoked WTO dispute settlement consultations with Indonesia in 2013 and 2014 over 18 trade barriers it said had resulted in an 80 percent drop in the nation's exports to Indonesia of beef and horticultural products such as apples and onions. Prior to the restrictions, Indonesia...