Carrefour CEO seeks to defuse Brazil meat spat over EU-Mercosur trade deal comments [Yahoo! Finance]
MARFRIG GLBL FOODS S/ADR (MRRTY)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance
Bompard and France's President Emmanuel Macron are both opposed to a trade agreement with the South American bloc as negotiations gather pace, as they seek to protect local industry from the prospect of cheap imports. As the Carrefour chief came out in support of local farmers protesting against a deal, he pledged not to source meat from the Mercosur countries amid concerns centred on maintaining quality standards on French produce, particularly meat. In retaliation to Bompard's comments, industry groups in Brazil said they would stop supplying meat to local Carrefour stores. Reports also suggested major meat processors in Brazil had also taken the same stance. Brazil's Ministry of Agriculture and Livestock (Mapa) had rejected the claims made by Bompard over meat standards in Brazil. But the Ministry issued a statement yesterday (26 November) acknowledging his apology, recognising "respect for standards and flavour of Brazilian meat". Mapa added: "With a rigorous agricultural
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