War of the Banana: Another Proposal, Another Rejection
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.
Monday, February 23, 2009
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.
"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.
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.
Yesterday the EU the maintained its position of not recognizing the banana agreement to reduce tariffs that was reached on July 27.
Tensions rose at the ministerial meeting yesterday of the World Trade Organization (WTO), and the next few hours are expected to be decisive as to whether the Doha Round of trade talks will survive.
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