China Says $7B Smithfield Deal Won't Hurt US Food Safety

Law360, New York (June 25, 2013, 3:42 PM EDT) -- China on Tuesday downplayed U.S. lawmakers' concerns over how Smithfield Foods Inc.'s proposed $7 billion sale to a Chinese meat company would affect stateside food safety, and called on U.S. regulators to evaluate the deal fairly even as political pressure mounts.

Echoing the companies' earlier defenses of the deal, China's Ministry of Commerce said the proposed transaction was a responsible one. The prospective buyer, Shuanghui International Holdings Ltd., has said it plans to bring Smithfield products to Chinese consumers, not send Chinese pork across the Atlantic,...
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