EU Banana Tariffs Violate Trade Agreements: WTO

Law360, New York (April 7, 2008, 12:00 AM EDT) -- The World Trade Organization ruled on Monday that the European Union's tariffs on banana imports unfairly discriminate against the U.S. and against Ecuador and other Latin American countries and violate the 1994 General Agreement on Tariffs and Trade.

A panel convened by the global-trade-regulating body said the EU was favoring African, Caribbean and Pacific banana-producing countries, collectively known as ACP countries, over Latin American banana-producing countries by allowing the ACP countries a fixed amount of duty-free banana imports each year.

“We conclude that to the extent...
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