Going Bnanas: US Lifts Sanctions On Certain EU Products

Folks,

This is of little interest except as an example of how in managed trade, for
example as in the WTO and NAFTA, we get into strange trade fights. Bananas
are not a USA export crop, nonetheless, power politics is the heart of trade
disputes.
John
In a message dated 7/5/01 8:40:47 AM, 301ALERT@ITA.DOC.GOV writes:

<< USTR announced on Sunday, July 1, that the United States is lifting
retaliatory duties on $191 million worth of European Union (EU) products
because of the steps taken by the EU to increase market access for U.S.
banana distributors. The World Trade Organization (WTO) had previously found
in favor of the United States in the dispute, and authorized the imposition
of 100 percent duties on EU products.

On April 11, 2001, the United States and the EU reached an understanding in
their long running dispute over bananas that called for the EU to adopt a new
licensing system for bananas by July 1.

For more information please check www.ita.doc.gov/301alert/
or visit the USTR website www.ustr.gov . >>

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