SAN FRANCISCO (MarketWatch) — Mexico may hit back with trade measures against the U.S. in reaction to a new rule requiring meat sold in the U.S. to carry labels specifying its origin, according to a media report.
Mexico’s economy ministry is considering retaliatory actions after the Obama administration last week announced new rules related to meat labeling, Reuters reported, citing an emailed statement from the agency.
The Mexican threat reportedly came Friday. Under the new regulations, meat labels will state for U.S. meats “Born, Raised and Slaughtered in the United States,” while those from other countries could be labeled, “Born in Mexico, Raised and Slaughtered in the United States,” Reuters said.
The regulations are referred to as ‘country of origin labeling,’ or COOL. In the statement, the Mexico economy ministry said, “Mexico is convinced that the new COOL rule does not comply with the WTO [World Trade Organization] requirements and will cause even more damage to Mexican meat exports.”
marketwatch.com
Mexico’s economy ministry is considering retaliatory actions after the Obama administration last week announced new rules related to meat labeling, Reuters reported, citing an emailed statement from the agency.
The Mexican threat reportedly came Friday. Under the new regulations, meat labels will state for U.S. meats “Born, Raised and Slaughtered in the United States,” while those from other countries could be labeled, “Born in Mexico, Raised and Slaughtered in the United States,” Reuters said.
The regulations are referred to as ‘country of origin labeling,’ or COOL. In the statement, the Mexico economy ministry said, “Mexico is convinced that the new COOL rule does not comply with the WTO [World Trade Organization] requirements and will cause even more damage to Mexican meat exports.”
marketwatch.com
No comments:
Post a Comment