Dive Summary:
- The Shanghai Food and Drug Administration released a list of companies and individuals found in violation of food-safety rules, stating that those included will be blacklisted from operating businesses in the food industry.
- The food safety crackdown comes as U.S. Senators raise food safety concerns related to Shuanghui International Holdings Limited's $7.1 billion purchase of Virginia-based Smithfield Foods, Inc.
- China has been working to improve food safety, one of its biggest weaknesses, for some time now, and the efforts include a five-year plan to improve regulations, as well as collaboration between the Food and Drug Administrations of both the U.S. and China.
From the article:
... Citing a blacklist mechanism that took effect in March, the report stated enterprises on the list "will receive administrative punishment at the highest level and their executives will be banned from operating food businesses". ...