EU AND USA BUY MORE TIME TO RESOLVE LONG-RUNNING BANANA TRADE DISPUTE
June 1st, 2008
BY KEITH NUTHALL
EUROPEAN Union (EU) and USA have bought themselves more time to resolve the long-running banana trade dispute that has been subject to World Trade Organisation (WTO) disputes procedures since 1996.
They have agreed with WTO officials to postpone the adoption of a ruling branding the EU a scofflaw over its favouring the import of African, Caribbean and Pacific (ACP) bananas over those exported from central and south America, usually by US firms.
The decision gives American and European diplomats until August 29 to thrash out a deal over bananas ...
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