The U.S. government asked that the dispute process be formally opened on June 2, after talks with the Mexican government failed to yield results
The panel of experts would have about half a year to study the complaint and release its findings. Trade sanctions could follow if Mexico is found to have violated the U.S.-Mexico Canada Free Trade Agreement.
Mexico is the leading importer of U.S. yellow corn, most of which is genetically modified. Almost all is fed to cattle, pigs and chickens in Mexico, which doesn’t grow enough feed corn. Corn for human consumption in Mexico is almost entirely domestically-grown white corn, though cornmeal chips or other processed products could potentially contain GM corn.
In February, Mexico’s Economy Department issued new rules that dropped the date for substituting imports of GM feed corn. U.S. farmers have worried about the potential loss of the single biggest export market for U.S. corn. Mexico has been importing GM feed corn from the U.S. for years, buying about $3 billion worth annually.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FP Explains: Breaking down the Bank of Canada’s unexpected June rate hikeThe Financial Post explains why the Bank of Canada delivered another quarter\u002Dpoint rate hike in June. Watch here.
Read more »
FP Explains: Breaking down the Bank of Canada’s unexpected June rate hikeThe Financial Post explains why the Bank of Canada delivered another quarter\u002Dpoint rate hike in June. Watch here.
Read more »
FP Explains: Breaking down the Bank of Canada’s unexpected June rate hikeThe Financial Post explains why the Bank of Canada delivered another quarter\u002Dpoint rate hike in June. Watch here.
Read more »
FP Explains: Breaking down the Bank of Canada’s unexpected June rate hikeThe Financial Post explains why the Bank of Canada delivered another quarter\u002Dpoint rate hike in June. Watch here.
Read more »
FP Explains: Breaking down the Bank of Canada’s unexpected June rate hikeThe Financial Post explains why the Bank of Canada delivered another quarter\u002Dpoint rate hike in June. Watch here.
Read more »
Humans, rats combine in Terrace’s Uplands Elementary musical theatre production - Terrace StandardHumans, rats combine in TerraceBC’s Uplands Elementary musical theatre production
Read more »