WTO ROUND FAILURE MEANS BANANA DEAL IS OFF
July 1st, 2008
BY KEITH NUTHALL
AN END to the world's longest international trade dispute - over banana and banana products - was close to being solved at the World Trade Organisation (WTO), but then the deal just slipped away. At the July ministerial meeting in Geneva that tried and failed to secure agreement over the Doha Development Round of trade liberalisation negotiations, a deal was struck between European Union (EU) and Latin American banana producers to cut the EU's import duty to Euro 114 (US$179) a tonne by 2016 for so-called dollar bananas from Latin America, after ...
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