💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Canada Hopes to Resume China Meat Exports Before Pork Probe Ends

Published 06/28/2019, 12:00 AM
© Reuters.  Canada Hopes to Resume China Meat Exports Before Pork Probe Ends

(Bloomberg) -- Canada is hoping to resume meat exports to China even before finishing an official investigation into forged documents that triggered a ban by the Asian nation.

“I’m hopeful that we’ll be able to reassure our Chinese trading partner with additional safety measures to our export system so they can reopen the market even if the investigation still needs a bit more time,” Marie-Claude Bibeau, minister of agriculture and agri-food, said in a phone interview.

The forgery was discovered by the Canadian Food Inspection Agency after the Asian country informed Canada on June 14 that a pork shipment was found to contain ractopamine. Canada told China about the fake document as it was a potential public health issue, Bibeau said. Beijing then decided to temporarily halt meat shipments.

“This means that we had a breach in our export system, but it’s very, very specific to Canadian meat exports to China and so it doesn’t apply to any other agricultural or agri-food products,” Bibeau said.

The situation differs from an ongoing spat over canola, a crop used in cooking and livestock feed, between the two countries.

China has halted imports of canola from some Canadian firms. While the Asian country is citing pest and quarantine concerns, the move is widely seen in Canada as a likely retaliation over the arrest of a senior Huawei Technologies Co. executive, Meng Wanzhou, in Vancouver late last year.

But on meat, “we have daily conversations,” Bibeau said. “We have to admit that there is inauthentic certificate in circulation so we have proof of that.”

The food agency has handed over its information on the forged document to the Royal Canadian Mounted Police, which is investigating the incident. Chinese authorities are also investigating, she said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.