Wednesday, October 22, 2014

Canada threatens tariffs on U.S. wine, juice and ketchup after WTO ruling

Canada is looking at slapping duties on iconic U.S. products ranging from California wine to ketchup after the World Trade Organization (WTO) found the country’s meat-labelling laws offside for a third time in five years. A WTO appeal panel ruled that a U.S. law requiring grocery stores to list the country of origin on meat products discriminates against Canadian and Mexican livestock, in a decision made public Monday. The Conservative government warned that it will strike back with punitive duties unless the U.S. ends the “blatantly protectionist” regulations, which its says are costing the North American cattle and hog industry more than $1-billion a year. Canadian Agriculture Minister Gerry Ritz insisted Canada will use “any and all means” to get the United States to repeal its labelling country-of-origin (COOL) legislation...more

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