Friday, May 15, 2015

COOL decision coming soon

The World Trade Organization is due to release its fourth and final report on the United States Country of Origin Labeling regulations for meat by the end of the holiday weekend.

Canada and Mexico challenged the Americans for a second time, leading to another long round of complaints and appeals at the World Trade Organization.

The original U.S. regulations were deemed to be unfair protectionism for American beef, hog and other meat producers.

The U.S. amended its regulations after that round of battling, but in a way that Canada and Mexico claimed made matters worse.

The World Trade Organization ruled again in favour of Canada and Mexico, the United States again appealed and this is the decision that’s now promised by May 18.

Canadian beef and pork producers have paid for economic studies which put their losses at close to $2 billion per year.