House committee tells Loblaw and Walmart to sign grocery code or risk legislation

  • 📰 DurhamRadioNews
  • ⏱ Reading Time:
  • 67 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 51%

Law Law Headlines News

Law Law Latest News,Law Law Headlines

TORONTO — The House of Commons committee studying food prices is urging Loblaw and Walmart to sign on to the voluntary grocery code of conduct or risk hav

ing it legislated.

The industry-created code seeks to create a set of rules for fair dealing in the negotiations between suppliers and grocers. “We have been and remain committed to working with the industry on a code that is reciprocal, fair and based on good faith dealings across the supply chain,” she said in an email.MPs on the committee have heard several times from the major grocers over the past year, grilling executives on their profits during inflation, their efforts to stabilize prices and their concerns about — or support for — the grocery code of conduct.

“We share the view of the overwhelming majority of stakeholders that the Code’s implementation will provide stability to suppliers and retailers, as the implementations of similar codes in Australia and the United Kingdom have demonstrated,” the letter reads, adding that Competition Bureau officials have testified that they don’t have concerns about the code’s provisions.

Federal Agriculture Minister Lawrence MacAulay said in December that with the code at an impasse, the industry had “failed to meet the moment.”“We’re actively examining all available federal options — that includes legislation,” MacAulay said, noting that he and federal Industry Minister Francois-Philippe Champagne had asked provincial and territorial counterparts to do the same.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 70. in LAW

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

House committee tells Loblaw and Walmart to sign grocery code or risk legislationThe House of Commons committee studying food prices is urging Loblaw and Walmart to sign on to the grocery code of conduct or risk having it made law.
Source: CTVNews - 🏆 1. / 99 Read more »