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BANANA SPLIT

Por: Tema(s): En: Financial Times 18 dic. 1998, p. 19Resumen: The World Trade Organisation's dispute settlement mechanisms are the closest there is to a global economic court. As with any fledgling justice system, many of the rules and procedures are still unclear. The European Union's dispute with the US over trade in bananas offered an early opportunity to strengthen the system by clarifying its ambiguities. Instead, both sides seem bent on testing it to destruction. The US is preparing to impose retaliatory sanctions on EU exports early next year. However, the legality of its threat is dubious, because no WTO panel has ruled against the amended regime. The US has called for an accelerated panel hearing on the issue, but has failed so far to obtain the EU's assent.
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The World Trade Organisation's dispute settlement mechanisms are the closest there is to a global economic court. As with any fledgling justice system, many of the rules and procedures are still unclear. The European Union's dispute with the US over trade in bananas offered an early opportunity to strengthen the system by clarifying its ambiguities. Instead, both sides seem bent on testing it to destruction. The US is preparing to impose retaliatory sanctions on EU exports early next year. However, the legality of its threat is dubious, because no WTO panel has ruled against the amended regime. The US has called for an accelerated panel hearing on the issue, but has failed so far to obtain the EU's assent.

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