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.

"Their illegal regimen is imposing a tariff burden of $1billion on Latin American bananas, while bananas from other sources have free access. Throughout our region, revenues, profits and investments are falling, which is further worsened by internal production and marketing problems that we have recently experienced precisely because of the onerous tariff we must pay to access the European market," said Minister Porras.



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More on this topic

EU And Central America Ratify Banana Agreement

June 2010

An agreement signed yesterday allows the banana industry to export to Europe paying fewer tariffs.

Currently, the tariff stands at 176 Euros per metric ton. With the agreement, it will be immediately lowered to 148 Euros, and will be gradually reduced to 114 Euros until January 2017.

War of the Banana: Another Proposal, Another Rejection

February 2009

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 Central American countries insist that the European Union should improve its proposal on the issue of the banana just as much as on the issue of sugar.

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.

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.

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