Toy recall sparks call for insurance on imports

The recall of a Hong Kong-made Bindeez product this week has prompted calls for a mandatory liability insurance on all imported goods.

Thousands of stores across New Zealand, Australia and North America removed the small beads from their shelves after scientists discovered they contained a chemical that, if swallowed, transformed into the illegal party drug, fantasy.

The New Zealand Manufacturers and Exporters Association says the insurance would ensure all imported goods complied with New Zealand safety standards and would provide local companies with a level playing field when competing with cheaper, and possibly lower quality imports.

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