Producers, Shippers in North American Food Fight
The North American spat pitting Canada and Mexico against the United States over meat labels has sown confusion among producers and shippers in all three countries, with a trade war potentially just weeks away. The World Trade Organization on Monday authorized Canada and Mexico, the biggest markets for exported U.S. goods, to retaliate against the United States' meat-labeling rules, setting the annual level at C$1.055 billion for Canada and $228 million for Mexico. The United States took a step towards defusing the row on Wednesday when the U.S. Congress approved a spending bill that includes the repeal of federal laws mandating meatpackers identify where animals are raised and slaughtered.
Shell Donates Toward Philippine Typhoon Re-building Program
Royal Dutch Shell plc is donating US$2.5 million, in response to the catastrophic typhoon Haiyan that struck the Philippines. The donation from the Shell Group will be used for rebuilding and rehabilitation efforts in the areas badly hit by typhoon Haiyan, as a way of providing long-term assistance for the affected communities. Shell companies in the Philippines (SciP) Country Chairman Edgar Chua said, “The extensive loss of lives and damage to property brought about by Haiyan has again mobilised the local and international community to assist in relief and rehabilitation efforts providing hope for survivors to rebuild their lives. In addition…
WIN Group, Seacor Work on Haiti's Fuel Terminal
WIN Group, the Haitian conglomerate that owns and operates Terminal Varreux in Port-au-Prince, situated just five miles from the epicenter of the January 12 earthquake, and Seacor Holdings Inc. (NYSE: CKH) have launched an emergency response project to enable the crucial marine terminal to resume receiving bulk fuel and containerized cargoes thereby replenishing the stricken country’s rapidly dwindling supplies of gasoline, diesel fuel, fuel oil, propane gas and edible oils used for cooking. Terminal Varreux receives and stores in excess of 70% of Haiti’s fuel oil used for power plants, gasoline and diesel used for land-based fueling stations, propane used for multiple applications and edible oils used for cooking.
