“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.
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