Wednesday, October 22, 2014

COOL's Ramifications

Today I am sharing an article on COOL (Country of Origin Labeling) policy in the U.S. and how it is affecting agriculture and potentially the entire U.S. economy. The World Trade Organization recently has released a statement that the COOL policy is not fair to beef industry imports from Canada and Mexico. Along with the original article I have linked a document from Canada that lists products that could be retaliated against. Mexico has yet to release their list. After looking over the linked articles discuss the points below.

COOL and WTO Ruling Article

Canada Retaliation List

Discussion Points

  1. Explain COOL and what it's purpose is? 
  2. Look at the retaliation list from Canada that is a possibility. Discuss the list. Are you surprised by products on the list? 
  3. If Canada and Mexico retaliate what would the ramifications be for farmers in the U.S.? What would be the overall impact on the U.S. economy? 
  4. It is a delicate balance between keeping the peace between those demanding COOL and the WTO. What would be your suggestion to the two parties?

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