Tuesday, May 19, 2015

WTO Reject Origins In Meat Products

Source:  Market Watch.

It's strange that the WTO rejected US requirements that meat packaging include information on origin of the meat, where the livestocks are born, raised, and slaughtered.  In response, Congress is working to remove such requirement.

Canandian and Mexican meat producers had contended that this US labeling requirement discriminates against their livestocks.  And American ranchers are in support of it.

How about the consumers?  It's likely consumers in the US would love to be as informed as possible.  Perhaps, meat companies that are willing to go through with the rejected labeling standards should be able to command a premium since consumers would know where the meat comes from.

Those who applaud peeling back this requirement in the US obviously includes the North American Meat Institute while consumer-advocacy groups saw the WTO ruling as another example of multinational companies working to weaken US regulations meant to protect consumers.

Regardless of which sides you fall under, this is perhaps an opportunity for a meat processing/packing company to continue with the current labeling requirement to charge a bit more for their product and pad their margins.

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