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NFTC Highlights Need for Compliance with International Agreements Following COOL Ruling
Date: 5/18/2015
Written By: Jennifer Cummings, The Fratelli Group for NFTC, (202) 822-9491

Washington DC – Today, following the World Trade Organization's (WTO) final ruling finding the United States in non-compliance on country-of-origin labeling (COOL), the National Foreign Trade Council (NFTC) highlighted the importance of complying with international obligations.

"NFTC has long advocated for an open, rules-based global trading system, but such a system will only succeed if all participating countries meet their obligations," said NFTC President Bill Reinsch. "In today's global marketplace, it is increasingly important that the United States remain committed to our international agreements and adhere to the rules and regulations within each agreement."

Today's decision marks the third time the WTO has found the U.S. mandatory COOL rule in violation of U.S. trade obligations, stressing the importance of a needed fix.

"Without addressing the WTO's concerns with our COOL rule, the United States risks retaliatory measures from key trading partners, such as Canada and Mexico – measures that only hamper U.S. competitiveness," continued Reinsch. "We urge the House and Senate to act quickly on legislation regarding bringing the U.S. COOL rule into compliance with our trade obligations."

Last Thursday, as a member of the COOL Reform Coalition, NFTC signed a letter to all members of the Senate, urging "compliance of COOL with our international trade obligations." The full letter can be found here.

About the NFTC
Serving America's Global Businesses Since 1914. The National Foreign Trade Council (www.nftc.org) is a leading business organization advocating an open, rules-based global trading system. Founded in 1914 by a broad-based group of American companies, the NFTC now serves hundreds of member companies through its offices in Washington and New York. Follow us on: