EU makes small concession on banana tariffs

Europe could make an intial reduction on its tariffs on bananas by 28 euros per ton, reducing it to 114 euros per ton by 2016. The concession was made by the head of the World Trade Organization Pascal Lamy, a Frenchman, as part of an effort to revive the moribund Doha Round of trade talks in Brussels last weekend.

Monday, July 28, 2008

Some hailed the concession as a major advance, but the most important banana exporters, the African, Caribbean and Pacific trade group (ACP) had evidently been looking for something better.
The European banana tariff is complex and the current import duty stands at 176 euros per ton.
Still, some observers say the agreement, signed Saturday, could breathe new life into the stalled talks, even though some ACP members are clearly uncomfortable with it.



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EU and Latin Americans agree on banana tariffs

July 2008

Europe could soon reduce its tariff on bananas by 28 euros per ton. Under an agreement signed last weekend, its import duties would fall to 114 euros per ton from the current 176 euros by 2016.

The agreement calls for an initial reduction of 28 euros.
Under the present system, Europe has a preferential agreement for former colonies of its member nations, but its complex tariff-quota system has come under fire by the World Trade Organization.

European banana agreement dies with Doha

July 2008

"The banana agreement isn't going anywhere," said an official after the collapse of talks at the World Trade Organization (WTO) aimed at reviving the Doha Round.

Several officials confirmed that an agreement between the European Union and Latin American countries that export bananas that raised hopes for lower tariffs for their product expired with the collapse of WTO talks.

WTO faces moment of truth

July 2008

Tensions rose at the ministerial meeting yesterday of the World Trade Organization (WTO), and the next few hours are expected to be decisive as to whether the Doha Round of trade talks will survive.

Ministers arrived in Geneva four days ago in response to a summons from the general director of the WTO, Pascal Lamy, who admits that the process is at a delicate phase. He said the next 24 hours will be decisive.

Europe accepts cuts in tariffs on Latin American banana imports

July 2008

The European Commission announced that it is accepting the World Trade Organization (WTO) proposal to lower the tariff on banana imports from Latin America.

The scheme was proposed by WTO director-general Pascal Lamy in order to resolve a dispute that involves the European Union, Latin America and the African, Caribbean and Pacific (ACP) countries.

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