Panama Insists Upon the EU Due to Banana Tariff
The EU lowered the banana tariff from 250 to 176 Euros per metric ton in 2005, which is still considered discriminatory.
Thursday, April 30, 2009
The Minister of Commerce and Industry of Panama, Gisela Alvarez de Porras, made a new appeal to the European Union so that, far from promoting protectionist measures in the exchange of high priority goods for the region, it might promote fair and creative solutions that help resolve, once and for all, the many illegalities that still persist on the current import regime for bananas, which keeps our countries paying fees in excess of 176 Euros per ton.
An agreement signed yesterday allows the banana industry to export to Europe paying fewer tariffs.
The proposal from the EU is similar to the one presented in 2008 in the OMC, extending to 10 years the time period for the reduction of the tariff from 176 to 95 euros per ton.
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 proposal accepted by Latin American banana producers lowers the tariff from 176 to 114 euros per ton.
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