WTO Backs U.S. In 'Bananas Understanding' Dispute

Law360, New York (May 19, 2008, 12:00 AM EDT) -- The US was vindicated in one of the more contentious global trade issues Monday, as the World Trade Organization said the European Union failed to remedy banana import practices that favor former European colonies over Latin American exporters.

June 29, 2007, the US requested the establishment of a WTO panel, claiming the European communities failed to comply with an agreement in 2001 – the Banana Understanding - that established, along with Ecuador, guidelines for banana imports and provided for a transition to a tariff-only system by...
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