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Wednesday, 16 December 2009

Lamy hails accord ending long running banana dispute

Director General Pascal Lamy applauded yesterday the successful efforts of Latin American banana producing nations, the United States and the European Union to end their long running dispute over trade in bananas. The banana issue is one of the longest running disputes in the post-WWII multilateral trading system. It has generated considerable debate and litigation among the widest range of the entire WTO membership. And it has resulted in multiple legal rulings by dispute panels, the Appellate Body and special arbitrators. All this attention has focussed on the treatment the EU gives to the import of bananas from the African, Caribbean and Pacific countries in preference to bananas from Latin America. Yesterday, the final, comprehensive agreement has been announced by the EU.

Source: WTO