Chicago | Reuters — CME Group plans changes to its rules for live cattle futures, requiring that all cattle delivered against the contract must be born and raised solely in the U.S., the exchange said in a statement Friday. The new requirement, effective Dec. 18, covers all currently listed trading months through April 2017. CME […] Read more
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CME to revamp cattle delivery rules before COOL vote
MacAulay favours TPP deal, poised for trade fight with U.S.
Winnipeg | Reuters –– Canada’s new agriculture minister said Tuesday he likely will support the Trans-Pacific Partnership negotiated by the previous government, and is inclined to retaliate against the U.S. over a long-standing meat-labeling dispute. The Liberal government, elected last month, has not taken a firm position yet on whether it will support TPP, which […] Read more
Lawrence MacAulay sworn in as Canada’s new agriculture minister
Ottawa/Manitoba Co-operator – Only hours after being sworn in by Governor General David Johnston and mere minutes after leaving his first cabinet meeting, Canada’s newly minted Minister of Agriculture paused to speak with reporters gathered on Parliament Hill Nov. 3. “I’m certainly pleased,” said Lawrence MacAulay. “Being a dairy farmer and a seed potato farmer […] Read more
COOL saga winding down, but not over yet
CNS Canada –– The seven-year saga of U.S. country of origin labelling (COOL) rules and their adverse impact on Canada’s livestock sector may be nearing its final chapter, but the conclusion still needs to be written. After numerous complaints and appeals with the World Trade Organization, the COOL regulations in place since 2008 have been […] Read more
NAFTA countries debate COOL harm at WTO
Canada and Mexico have made their case before a World Trade Organization arbitration panel on how much tariff revenge they’re allowed to impose on U.S. goods over country-of-origin labelling (COOL). The WTO “has ruled four times that the U.S.’s COOL rules are discriminatory,” Canadian Pork Council chairman Rick Bergmann said in a council release Wednesday […] Read more
Voluntary COOL still not OK: Ritz and Fast
Two U.S. senators have introduced a bipartisan bill which would replace mandatory country-of-origin labelling for meat within a voluntary program, but it doesn’t impress Agriculture Minister Gerry Ritz and International Trade Minister Ed Fast. The bill is intended to bring the U.S. into compliance with a World Trade Organization (WTO) ruling in May that the […] Read more
U.S. senators ponder voluntary COOL for beef, pork
Considering a repeal for a meat label law ruled offside by world trade regulators, members of the U.S. Senate’s ag committee are also asking aloud if a voluntary label law for beef and pork would do. At the agriculture committee’s hearings Thursday in Washington, D.C., chairman Pat Roberts told senators trade retaliation from Canada and […] Read more
U.S. House of Representatives votes to scrap COOL
Washington | Reuters — The U.S. House of Representatives on Wednesday evening voted to repeal meat labeling laws, which were widely backed by U.S. consumer groups, as Canada and Mexico threaten US$3 billion in trade sanctions. The House voted 300-131 to repeal country-of-origin labeling (COOL) rules on beef, pork and poultry, after the World Trade […] Read more
WTO booked to hear Canada’s COOL tariff case
The World Trade Organization’s Dispute Settlement Body is set to hear Canada’s request in just under two weeks for revenge against the U.S. over country-of-origin labelling (COOL). Canada on Thursday filed its request for authorization of retaliatory tariffs, to be considered at a DSB meeting on June 17, the federal government said. Barring a repeal […] Read more
Canada preparing shorter list of tariff targets in COOL fight
Winnipeg | Reuters — Canada is whittling down its list of U.S. products that it may hit with steep tariffs in retaliation against contentious meat-labeling laws, Agriculture Minister Gerry Ritz said on Tuesday. The Canadian government is likely to target beef, pork, California wines, mattresses, cherries and office furniture, possibly along with other goods, from […] Read more
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