Tuesday, June 9, 2009

Bilateral Canadian Beef Talks Fail

(JoongAng Daily – Cho Jae-eun)

Though U.S. beef is allowed back in Korean stores, its Canadian cousin is not

The feud over resuming Canadian beef imports in Korea is expected to continue to the final round as negotiations between the two countries in Geneva this week prove fruitless.

The consultation talks are one of the first steps in the World Trade Organization’s settlement procedure for disputes. This April, Canada asked the WTO to review Korea’s ban on imports of Canadian beef, calling it “unjustified” and against international trade rules.

Under WTO rules, when a complaint is filed, bilateral consultations must begin within 30 days. If, after 60 days, no agreement has been reached, the complainant may ask a dispute settlement panel to review the case and make a final ruling. Read more here.