Congress Poised to Allow Retaliation on COOL Violations, Says Business Leaders
If the World Trade Organization rules against the U.S. in a high-profile country-of-origin labeling dispute, Canada and Mexico may be in the position to implement retaliations on U.S. industry before Congress can change the labeling regime to bring it into…
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compliance with global trade rules, said leaders from the National Association of Manufacturing (NAM) and the U.S. Chamber of Commerce on Oct. 14. Many analysts and industry representatives expect the WTO to side with Canada and Mexico, but the WTO has yet to go public with its decision (see 14100724). “The history is clear. Buyer supply chain needs result in export markets being lost even before retaliation is authorized,” said NAM Senior Vice President Aric Newhouse and the chamber’s executive vice president Bruce Josten. “More damaging, once export markets are lost, it takes years to regain the market.” The Agriculture Department may not be able to act unilaterally to reform the labeling regime, said the letter.