Zespri's China export rethink

16:00, Jan 18 2013

Kiwifruit marketer Zespri says it is rethinking its business partnership arrangements in its export markets now "it is clear its trust and confidence in its China importers was misplaced".

The marketer, which has a statutory exporting monopoly, stated its intention in a paper backgrounding a current court trial in China in which a Zespri subsidiary pleaded not guilty to charges of criminal smuggling.

The charges, being heard in a Shanghai court, are related to alleged under-declaration of Customs duties by independent importers. Zespri said a judgment is expected in the next two or three months. Fairfax NZ

Advertisement

BusinessDay.co.nz