APAC Ministers responsible for food security have failed to reach an agreement to prohibit countries from imposing food export bans, as the region continues to battle economic and supply uncertainties resulting from the Russia-Ukraine war.
China’s addition of six new Free Trade Zone (FTZ) will strengthen regional trade for supplements and functional foods, but a lack of harmonised regulations means it would not fulfil its potential, according to industry players.
At a time when barriers to trade are supposedly being knocked down, a number of South East Asian countries are protecting their own animal protein industries from intra-bloc competition.
