20-year EU-Latin American banana war ends

Regulatory

Tuesday, November 13, 2012

The European Union and 10 Latin American countries signed an agreement to settle the longest-running series of disputes in the history of the multilateral trading system. “This is a truly historic moment,” said World Trade Organization Director-General Pascal Lamy on Nov. 8. “After so many twists and turns, these complicated and politically contentious disputes can finally be put to bed. It has taken so long that quite a few people who worked on the cases, both in the secretariat a...

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