Press Releases

Without immediate action, the nation’s agricultural economy will be irreparably harmed

For Immediate Release
May 18, 2015

Contact:
Andy Resnick
(202) 534-3501  

WASHINGTON, DC - Without immediate congressional intervention on the World Trade Organization’s final ruling against the U.S. Country of Origin Labeling (COOL) rule for muscle cuts of beef and pork, U.S. manufacturing and agriculture will be in severe harm. 
 
The WTO’s final ruling will prompt Canada and Mexico, America’s two largest export markets, to institute billions of dollars’ worth of retaliatory tariffs on U.S. food, agricultural, and manufactured goods. 
 
“After many months of trying to find a workable solution to reform the program, today’s WTO ruling shows that the U.S. has run out of time. In order to avoid retaliatory tariffs from Canada and Mexico that will cost the U.S. economy billions, the only option is for Congress to immediately repeal the COOL provision” stated John Bode, President and CEO of the Corn Refiners Association. 
 
Canada has already issued a preliminary retaliation list targeting a broad spectrum of commodities and manufactured products that would affect every state in the country. Mexico has not yet announced a preliminary retaliation list but it has implemented retaliatory tariffs in the past which may be indicative of future tariff actions. That is why the Corn Refiners Association has joined with business leaders from all sectors of the American economy to urge immediate congressional intervention to bring the U.S. into compliance on COOL. In a letter sent to the U.S. Senate last week, senators were urged to prepare to act on legislation quickly. 
 
“Mexico and Canada are the largest export countries for U.S. agriculture, and are the leading export markets for U.S. refined corn products which are being targeted by both countries. The fact remains that the only way to mitigate the negative impact on the U.S. manufacturing and agricultural economies, and to save thousands of jobs, is for Congress to act now and repeal COOL,” continued Bode. 

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About the Corn Refiners Association
The Corn Refiners Association is the national trade association representing the corn refining (wet milling) industry of the United States. CRA and its predecessors have served this important segment of American agribusiness since 1913. To learn more, visit www.Corn.org.
 

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