Reading Time: < 1 minute Chicago | Reuters — The U.S. government panel that reviews foreign acquisitions should assess the impact on domestic food security from state-owned China National Chemical Corp’s planned US$43.1 billion acquisition of Swiss seeds and pesticide maker Syngenta AG, four U.S. senators said in a letter Thursday. The letter, sent to Treasury Secretary Jacob Lew, also […] Read more
U.S. senators call for review of Syngenta takeover
U.S. Senate blocks bill that would override state GMO labeling laws
Reading Time: 2 minutes Reuters — The U.S. Senate on Wednesday blocked a bill that would nullify state and local efforts to require food makers to label products made with genetically modified organisms (GMOs) as the industry races to stop Vermont’s law from taking effect on July 1. The proposed legislation from Republican Senator Pat Roberts of Kansas comes […] Read more
U.S. ag secretary calls for mandatory GMO label
Reading Time: 2 minutes Legislation to avoid a patchwork of state laws on labeling of genetically modified (GMO) foods should make such labels mandatory, U.S. Agriculture Secretary Tom Vilsack told farmers in New Orleans Friday. Vilsack’s remarks at the Commodity Classic, a U.S. farmers’ trade show and multi-group convention, come as the U.S. Senate agriculture committee sends its proposal […] Read more
U.S. Congress repeals COOL on beef, pork
Reading Time: 3 minutes The U.S. Senate and House of Representatives have both approved a repeal of the government’s six-year old mandatory country-of-origin labelling (COOL) laws on beef and pork. Tucked into an omnibus appropriations bill put before Congress Friday, the repeal shuts the door on a major irritant in North American trade relations and is expected to curb […] Read more
Canada not yet pulling trade trigger on COOL
Reading Time: 2 minutes Canada remains “cautiously optimistic” that the U.S. government will repeal its country-of-origin labelling (COOL) law before the Canadian and Mexican governments impose retaliatory tariffs. Federal Trade Minister Chrystia Freeland, speaking Wednesday from Nairobi on a conference call with reporters, said she was “not going to go into hypotheticals” about Canada’s next move if an omnibus […] Read more
CME to revamp cattle delivery rules before COOL vote
Reading Time: 2 minutes 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
Historic TPP deal faces skeptics in U.S. Congress
Reading Time: 3 minutes Atlanta | Reuters –– Twelve Pacific Rim countries on Monday reached the most ambitious trade pact in a generation, aiming to liberalize commerce in 40 per cent of the world’s economy in a deal that faces skepticism from U.S. lawmakers. The Trans-Pacific Partnership (TPP) pact struck in Atlanta after marathon talks could reshape industries, change […] Read more
U.S. senators ponder voluntary COOL for beef, pork
Reading Time: 3 minutes 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. Congress victory may move Pacific trade pact forward
Reading Time: 3 minutes Washington | Reuters –– U.S. lawmakers approved legislation key to securing a hallmark Pacific trade deal by a comfortable margin on Wednesday, advancing President Barack Obama’s efforts to strengthen U.S. economic ties with Asia. After a six-week congressional battle including two brushes with failure, some fancy legislative footwork and myriad backroom deals to keep the […] Read more
Fast-track trade legislation passes U.S. Senate hurdle
Reading Time: 2 minutes Washington | Reuters — U.S. President Barack Obama’s signature Asian trade push cleared another hurdle in the U.S. Senate on Thursday after a knife-edge vote moved the White House closer to gaining the power to speed trade deals through Congress. Senators voted 62-38 to give Obama a major victory and set up a speedy decision […] Read more
A message from April Stewart, Country Guide's Associate Editor
