By Catherine Kent
Last week, Mexico and Canada prevailed on their complaint before
the WTO, which found that the U.S. labeling laws for meat have failed to comply
fully with international fair trading rules. The U.S.’s challenged program –
“Country of Origin Labeling” or “COOL” – requires that grocery stores and other
meat retailers list where the meat was born, raised, and slaughtered on the
label. The Canadian government maintains that this labeling law has resulted in
fewer Canadian pigs and cattle being exported to the U.S. since 2009.
If the U.S.’s revised labeling rules are not
approved by the WTO’s Appellate Body, the U.S. may face some serious trade
sanctions from the two disgruntled countries. U.S. pork producers want the law
fixed quickly to avoid any “financially devastating” retaliation from two of
the U.S.’s largest trading partners; beef producers in the U.S. would like to
eliminate the law altogether. Read more about these developments at Reuters.
0 comments:
Post a Comment