Well, trade reporters, you won’t have bananas to kick around any more. One of the world’s longest-running trade disputes, and one of the few with genuine comic potential, was fixed today as the EU signed an agreement with Latin American countries to end the banana wars.
As a WTO matter, it’s being going on for 20 years; as a source of trade friction, much longer. The political deal was actually done nearly three years ago, which gives you a sense of just how quickly trade diplomacy moves. Read more