European economy suffers from breaking international trade rules

European economy suffers from breaking international trade rules

The European Union has broken international trade rules that define tariffs for bananas, possibly opening up the door to millions of dollars (euros) in commercial sanctions from Ecuador.

The confidential decision - distributed Monday to the parties and confirmed by Ecaudorean and European officials - is an important development in the decade-old World Trade Organization dispute pitting Latin American countries and the United States against the EU.