World Trade Organization rules against EU in banana conflict

The ruling establishes that the EU tax tariffs on banana imports break global trade rules in order to favor former British and French colonies.

Thursday, November 27, 2008

The decision of the board of appeals that was released yesterday could help to push countries that export the fruit to ask the global organization to impose tax sanctions on EU products in return.

The ruling against the EU confirms the decision of the organizations dispute board in April, which asked the block of 27 countries to act within the scope of global trade agreements.

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The World Trade Organization has ruled against the European Union's tariff on bananas in a decision that represents a victory for Latin American producers. But Europe says it will lodge an appeal.

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