EU/USA: Banana dispute ends in compromise, both sides must follow through
The EU and the USA have finally reached an agreement to settle the long running and costly dispute over banana imports into the EU. Since 1993 and the formation of the common market in Europe, US officials have criticised the EU for giving preferential treatment to imports of the fruit from former colonies in the Caribbean and Africa. It seemed the debate had reached an impasse however when the US imposed punitive sanction on unrelated EU exports worth nearly US$200m.
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