The European Commission said on Wednesday that it has settled a dispute over genetically modified organisms (GMOs), foods and crops that Canada has brought to the World Trade Organization.
"The European Union and Canada have today signed in Geneva a final settlement of the WTO dispute that Canada brought against the EU in May 2003 regarding the application of its legislation on biotech products," said the commission in a statement.
"The mutually agreed solution provides for the establishment of a regular dialogue on issues of mutual interest on agriculture biotechnology," the EU's executive body added.
"The mutually agreed solution with Canada is a clear sign that this type of dialogue works. I hope we can follow the same constructive approach with Argentina and the United States," EU Trade Commissioner Catherine Ashton said in the statement.
This dialogue is aimed at an exchange of information that would contribute to avoiding unnecessary obstacles to trade.