National trade measurement system brings surety to national supply chains

Australian supply chains, including food and petrol, have become more competitive in the global market thanks to the national trade measurement system introduced a year ago, according to the Federal Innovation Minister.

"The national system has streamlined trade measurement legislation, allowing both businesses and consumers to have confidence in a uniform system," Federal Innovation Minister Kim Carr said.

"The Commonwealth has invested in raising awareness of trade measurement on a national level so that consumers know what they have the right to expect and businesses know what they are legally obliged to do," Carr said. 

The system oversees $400 billion worth of measurement-based trade transaction in Australia annually.

The development of the system, which is operated through the National Measurement Institute (NMI) ensures products in the supply chain are weighed and measured accurately and consistently between businesses and between businesses and consumers.

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