European banana agreement dies with Doha

"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.

Tuesday, July 29, 2008

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.
The agreement would have reduced the tariff in stages from 176 euros per ton to 114, between now and 2016.



Market Intelligence

Everything about exports and imports in Central America.

Top companies - Quantities, amounts and prices.

more info

More on this topic

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 Union resisting pressure to recognized banana agreement

September 2008

Yesterday the EU the maintained its position of not recognizing the banana agreement to reduce tariffs that was reached on July 27.

Costa Rica did not achieve its objective of making the EU honor the agreement reached in the early morning hours of July 27 in Geneva, Switzerland, in the backdrop of the commercial negotiations of the World Trade Organization (WTO).

Doha and the fading of the banana agreement

August 2008

The Doha Round has left the banana producing countries of Latin America with bad aftertaste, after the fading away of what was supposed to be a clear victory for their foreign trade.

This has to do with an agreement that would have ended almost 16 years of litigation with Europe as a result of the banana tariffs that the old continent imposes upon the producers from the zone.

Agreement Puts an End to "Banana War"

November 2012

The eleven Latin American countries involved signed the agreement ending twenty years of banana trade disputes with the European countries.

The so-called "banana war" between the European Union (EU) and several Latin American countries-including six Central American countries- officially came to an end on Thursday, with the signing of a trade agreement promoted by the World Trade Organization (WTO).

 close (x)

Receive more news about International Commerce

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Chinese company wants to buy pig parts

Our company represents a Chinese food processing company. They wish to develop long term contracts for pig products to be shipped to China.
Our Chinese company wishes to form long term contracts...

Stock Indexes

(Feb 27)
Dow Jones
0.08%
S&P 500
0.10%
Nasdaq
0.28%

Commodities

(Feb 28)
Brent Crude Oil
56.59
Coffee "C"
141.1
Gold
1,254
Silver
18.330