Ecuador has called off banana trade talks with the European Union that also included Colombia and Peru, saying World Trade Organization (WTO) rulings in Quito's favor were not being respected.

"Ecuador has made this decision until the dispute over the banana trade is settled, and our concerns are adequately addressed," Ecuador's Foreign Minister Fander Falconi said.

For 15 years, the WTO has found in Ecuador's favor in its complaints over what it says are unfair EU tariffs on its bananas.

Ecuador is the world's biggest banana exporter and the EU is one of its top markets.

Among EU members, France produces bananas in its Caribbean territories, Spain in its Canary Islands in the Atlantic and Portugal on the island of Madeira.