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Bananas, Beef, and Biotechnology: Three Contentious U.S.‐EU Trade Disputes
Author(s) -
Ames Glenn C. W.
Publication year - 2001
Publication title -
applied economic perspectives and policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.4
H-Index - 49
eISSN - 2040-5804
pISSN - 2040-5790
DOI - 10.1111/1058-7195.00056
Subject(s) - international trade , business , international economics , microbiology and biotechnology , economics , biology
Trade disputes between the European Union and the United States over bananas, beef, and biotechnology stem from rent‐seeking by special interests, consumers' fears about food safety, and mistrust of government regulation and enforcement. The unwillingness of the European Union to abide by the decisions of the dispute settlement panels threatens the integrity of the World Trade Organization, whose fundamental weakness is its inability to resolve conflicts when the contracting parties disagree with the findings of the dispute settlement body due to overriding domestic political concerns.