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Mexico halts bid to retaliate against US meat rules - source

Published 2015-12-19, 11:48 a/m
© Reuters. Mexico halts bid to retaliate against US meat rules - source

MEXICO CITY, Dec 18 (Reuters) - Mexico has halted a bid to
impose retaliatory trade measures on the United States over meat
labeling rules after U.S. lawmakers repealed them this week, a
Mexican government official said.
Mexico had announced earlier this month it would start
internal procedures to strip benefits from some U.S.
agricultural and industrial imports, including apples, dairy
items, alcoholic drinks and personal hygiene
products. ID:nE1N12R000
The measures would have gone into effect on Dec. 22, the
government official said, speaking on condition of anonymity.
The proposed move came after the World Trade Organization
(WTO) authorized the retaliation against the United States'
meat-labeling rules.
The U.S. Congress on Friday passed a broad 2016 spending
package that includes the repeal of the rules in question, in
order to avoid more than $1 billion in trade retaliation by
Mexico and Canada.
In a statement on Saturday, Mexico's Economy Ministry said
both the Canadian and Mexican governments welcomed the repeal,
but did not specifically comment on the proposed retaliatory
measures.

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