Investing.com - Financial Markets Worldwide
Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

UPDATE 1-Canada to U.S.: get job done on repealing meat labeling rules

Published 2015-12-16, 03:04 p/m
© Reuters. UPDATE 1-Canada to U.S.: get job done on repealing meat labeling rules

(Adds quotes, background)
OTTAWA, Dec 16 (Reuters) - Canada's trade minister Chrystia
Freeland said on Wednesday she strongly encouraged U.S.
lawmakers to "get the job done" to repeal country of origin meat
labeling rules.
The dispute between the two countries appeared to take a
step closer to resolution as U.S. congressional negotiators
wrapped up talks on Tuesday over a spending deal that includes
the repeal of federal laws mandating meat packers identify where
animals are raised and slaughtered.
"We've been very pleased to see the repeal of COOL in the
appropriations bill," Freeland told reporters, using the acronym
for the country of origin labeling rules.
"I want to strongly encourage the Senate to get the job done
- repeal COOL."
The spat stems from a 2009 U.S. requirement that retail
outlets label food with information about its origin.
Freeland said that she was "cautiously optimistic" about the
developments out of Washington this week.
Still, Canada has other options. The World Trade
Organization earlier this month authorized Canada to retaliate
against the United States over the meat-labeling rules, known as
COOL, setting the annual level at C$1.055 billion ($764
million), though that was less than Canada had sought.
Minister of Agriculture Lawrence MacAulay, speaking
alongside Freeland, made it clear that option was open for
Canada.
"The bottom line is it must be repealed or we will
retaliate," MacAulay said.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.