Friday, November 9, 2012

BBC News - Banana war ends after 20 years

BBC News - Banana war ends after 20 years: "An international trade dispute over bananas dating back two decades has finally been settled.

The European Union and ten Latin American countries signed an agreement to formally end eight separate World Trade Organisation (WTO) cases.

The head of the WTO Pascal Lamy called it a truly historic moment.

The formal agreement followed the EU agreeing in December 2009 to gradually reduce the tariffs on Latin American bananas."

'via Blog this'

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