After losing again at the World Trade Organization, U.S. regulations mandating country of origin labels (COOL) on meat may finally end. Driven by the possibility that Canada and Mexico could retaliate with increased tariffs, Congress has already begun consideration of a bill to repeal the protectionist program. If COOL regulations are indeed repealed, American consumers, meat packers, and retailers owe a debt to the WTO’s dispute settlement system.
In the latest WTO decision, the United States lost its appeal of a report originally issued last October. At that time, I wrote about how the WTO process can help alter the political dynamics in ways that favor free market reform.
Read more at http://www.cato.org/blog/how-wto-meat-labeling-dispute-could-prompt-congress-change-bad-law
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