Agreement Close in Banana Dispute

European sources reported that they are close to reaching an agreement that “will depend on political will.”

Monday, July 6, 2009

The last known proposal from the European Commission consists of a tariff reduction from €176 ($245) to €136 ($190) in three years and the suspension or reduction of the tax in 2012. The final outcome depends on the state of the WTO Doha Round negotiations to liberalize global trade. informed: “Among the options in the European Confederation’s current proposal, there are various possibilities. One of which is a drop in the maximum tariff to €114 ($159) per ton, possibly by the year 2019, independent of the Round.”

More on this topic

U.S. Main Destination for Costa Rican Bananas

May 2012

Almost 50% of banana exports in 2011, $350.9 million worth, went to the U.S.

At the end of 2011 the country had exported a total of $749.7 million, 6% higher than the $706.1 in 2010.

The main destinations for Costa Rican banana exports were the USA with 47% of total exports, followed by Britain with 13%.

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.

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.

European Union to Lower Banana Tariff

May 2009

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

According to, "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)."

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