International News

You are here:Home - News - International News

Global Food Trade Value Reaches USD 1.7 Trillion and Grows Rapidly

Pubtime:2017-08-03Author:Source: Hits:

FAO and WTO jointly released a report of Trade and Food Standards on July 12. The report said the global food trade value has current reached USD1.7 trillion, and is growing rapidly. In order to get profits from prosperously developing global trade, and usher in the incoming technical reform, the country must speed up participation in formulating international food trade standards.

The report briefly discussed how to formulate and apply international food standards, and encouraged developing countries to invest to improve capacity and skills so as to effectively participate in work of each organization and multilateral agency, including Codex Alimentarius formulated by WTO and other organizations.

The report said the core institution formulating food standards is Codex Alimentarius Commission jointly organized by FAO and WTO. Its 188 members cover 99% population of the world. Since the foundation in 1963, CAC has issued various food standards, codes and rules, covering nearly 200 food and 300 food additives, which regulate maximum residual limit of 5000 pestcides.