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UPDATE 1-Mexico to lift restrictions on Canadian beef in October

Published 2016-06-28, 12:48 p/m
© Reuters. UPDATE 1-Mexico to lift restrictions on Canadian beef in October

(Adds details on announcement, value of trade, Canadian
industry)
June 28 (Reuters) - Mexico will allow expanded imports of
Canadian beef starting in October, leaders of the two countries
said on Tuesday, ending 13 years of restrictions related to mad
cow disease.
Mexico currently imports Canadian beef only from cattle
under 30 months old, since Canada in 2003 reported its first
case of mad cow, also called bovine spongiform encephalopathy
(BSE).
Mexico's decision to lift restrictions was announced in
Ottawa by Canadian Prime Minister Justin Trudeau and Mexican
President Enrique Pena Nieto. Trudeau told reporters that Mexico
would open its market to all Canadian beef.
Canada is the world's sixth-largest beef and veal exporter,
and currently sells on average C$136 million ($103.96
million)worth of beef annually to Mexico, the eighth-biggest
global beef consumer, according to the Canadian Cattlemen's
Association and the U.S. Department of Agriculture.
Prior to Mexico's restrictions in 2003, Canada sold about
C$270 million to C$290 million worth of beef to the country.
Cargill Ltd CARGIL.UL and JBS USA LLC JBS.UL slaughter
most of Canada's cattle.
($1 = 1.3082 Canadian dollars)

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