Conflict looms with Europe over banana tariffs
A conflict is looming over the European Union's decision to impose a tariff of 176 euros per metric ton on bananas imported from Latin America.
Wednesday, May 7, 2008
The issue will be on the agenda for talks among trade officials attending next week's summit in Lima of Latin American and European leaders.
An agreement signed yesterday allows the banana industry to export to Europe paying fewer tariffs.
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 poultry and dairy industries of Central America are seeking special or exclusive treatment for imported products in the trade agreement being negotiated with the European Union.
The World Trade Organization has ruled against the European Union's tariff on bananas in a decision that represents a victory for Latin American producers. But Europe says it will lodge an appeal.
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