Globalization

Disputes and the WTO

On July 1, 2001 the European Union will implement a new banana import policy, ending charger brought ending the charges brought in April 1996 by the U.S., Ecuador, Guatemala, Honduras, and Mexico (the G5) against EU about discriminatory import policy for bananas. The battle highlights serious problems with the WTO Dispute Settlement Mechanism, which weaken the case for the existence of WTO.