USA: Chiquita files damages suit against the European Commission
Chiquita Brands International, Inc. (NYSE: CQB) announced yesterday that it has filed a lawsuit in the Court of First Instance of the European Court of Justice claiming damages from the European Commission for not carrying out the European Union's commitment to reform its banana import regime to comply with 1997 World Trade Organization rulings. The Commission amended the banana regime in January 1999 in response to the EU's mandate of WTO compliance. However, a WTO panel ruled in April 1999 that these amendments actually perpetuated the WTO incompatibility of the original banana import regime.
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