| Mexico, Canada Prepare for Trade War with US Sputnik | |
| go to original May 19, 2015 |
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Mexico and Canada won a trade dispute on Monday, and the US may reconsider its current legislation requiring country-of-origin labeling on imported meat products, or face sanctions from its neighbors.
The World Trade Organization sided with Canada and Mexico in their complaint that the US' labeling laws were hurting their export industries.
US retailers are currently required to indicate where an animal was born, raised, and slaughtered, and the complaint alleged that this was doing serious damage to meat exports.
"Our governments will be seeking authorization from the WTO to take retaliatory measures against US exports," read a joint statement from the Mexican and Canadian ministers for trade and agriculture.
...Pork and beef industries in Canada say the rules add to production costs and are costing them $1 billion a year, leading some livestock producers into collapse. Canada has already said it may strike back against several US export industries, including wine, chocolate, ketchup and cereal.
Mexico has not yet listed its potential targets but estimates the laws have done similar damage to its meat industries.
Read the rest at Sputnik
Photo: Flickr/US Department of Agriculture
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