BANANA DUTIES
July 1st, 2001
Keith NuthallTHE UNITED States has lifted its retaliatory 100 per cent duties on EU exports of cotton bed linen, following the solution of the years-long row with the European Union over its import procedures for Caribbean bananas. The duties had been authorised by the WTO, which had concluded that the EU had broken global trading laws by offering preferential access to its markets to Caribbean bananas. Washington later imposed duties on a limited list of unconnected products, but has now lifted them following the striking of a deal with Brussels. The linen ...
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