“Today’s referral of the COOL dispute between the United States and Canada to arbitration further emphasizes the need for swift action in the Senate to reform the U.S. COOL requirements by taking up the House-passed Country of Origin Labeling Amendments Act of 2015 (H.R. 2393).
“The retaliatory measures Canada is seeking, nearly $2.5 billion, would have a detrimental economic impact on U.S. businesses across a variety of sectors – from manufacturing to agriculture – and Mexico is not far behind, with their request expected later this month.
“It is now more important than ever for the United States to show its commitment to the multilateral trading system and the WTO by bringing COOL requirements into compliance with our treaty obligations.”
The NFTC is a member of the COOL Reform Coalition, which advocates for U.S. compliance with WTO obligations.
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.