EU SIGNS OFF ON BANANA TRADE DEAL
March 1st, 2011
BY KEITH NUTHALL
THE EUROPEAN Union (EU) Council of Ministers has drawn a curtain over the longest running trade dispute in the World Trade Organisation's (WTO) history - approving December 2009 deals on reducing EU banana import tariffs. These had been struck with the USA, Brazil, Colombia, Costa Rica, Ecuador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Peru and Venezuela solving complaints the EU unfairly favoured Caribbean island banana exports with quota and tariffs. The concerns had fuelled WTO proceedings from 1996. The EU will now reduce banana ...
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