Food loss and waste costs businesses billions of dollars each year and it generates about 8 percent of global greenhouse gas emissions, accounting for the carbon footprint of food produced and not eaten.
President Barack Obama has signed legislation that will provide tariff relief to U.S. chemical producers that import raw materials and intermediate products.
A report by the Organisation for Economic Cooperation and Development predicts that trade in developing economies will grow around 1.5 times quicker than in developed economies.
