European Union to Lower Banana Tariff

The proposal of the European Union is to lower the current tariff from 176 to 114€ per ton between 2009 and 2019.

Tuesday, May 12, 2009

According to Nacion.com, "European Trade Commissioner Catherine Ashton acknowledged yesterday that a reduction of banana tariffs is 'inevitable' because that is the way it was established by judgments from the World Trade Organization (WTO)."

Latin American countries rejected European Union proposals to lower banana tariffs, demanding "respect of a pact made in July 2008, when it was proposed to lower to 114€ between 2009 and 2016."

Currently, the European Union charges a tariff of 176€ per ton for fruit coming from Latin America, while APC (Africa, Caribbean and Pacific) countries do not pay any entry tax.

More on this topic

Agreement to Lower Banana Tariffs Approved

January 2011

The Trade Commission of the European Parliament approved the agreement reached by the EU and Latin American countries to lower tariffs on banana imports.

The agreement was signed by the EU, U.S., Ecuador, Colombia, Costa Rica, Panama, Guatemala, Honduras, Mexico, Nicaragua, Brazil, Peru and Venezuela, in late 2009.

Will there be peace in the 'Banana Wars'?

December 2009

The agreement between Europe and Latin America generated optimism, but ACP countries and the U.S. must still be pleased.

Latin America accepted an offer by the European Union to gradually reduce the tariff applied to banana imports from 176 euros per ton to 114 euros in 2017.

Latin America Accepts EU's Proposal on Banana Tariff

November 2009

The proposal accepted by Latin American banana producers lowers the tariff from 176 to 114 euros per ton.

It will be gradually lowered until 2017.

"The first phase will last three years, with tariffs reduced to 136 euros. In the following two years there won't be reductions, reaching 114 after the next three years, in 2017...", reported Prensalibre.com.

EU Banana Proposal Not Satisfactory to Costa Rica

February 2009

The new tariff proposal presented by the EU before the OMC is considered insufficient by the Department of Foreign Trade (Comex).

Nacion.com publishes: “In July, Europe committed to Latin America to gradually reduce its banana tariff from 176 euros to 114 euros between 2009 and 2014.”

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