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.

La Prensa Grafica publishes in its website: "The proposal of the European Union to settle the lawsuit maintains the objective of lowering the tariff by 62 euros per ton, which was agreed upon in 2008, but instead of reaching it in a step-by-step manner from here to 2016, it is postponed to obtain it gradually in 2019, thus, expanding the time period of tax exemption."

More on this topic

European Union resisting pressure to recognized banana agreement

September 2008

Yesterday the EU the maintained its position of not recognizing the banana agreement to reduce tariffs that was reached on July 27.

Costa Rica did not achieve its objective of making the EU honor the agreement reached in the early morning hours of July 27 in Geneva, Switzerland, in the backdrop of the commercial negotiations of the World Trade Organization (WTO).

European banana agreement dies with Doha

July 2008

"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.

Several officials confirmed that an agreement between the European Union and Latin American countries that export bananas that raised hopes for lower tariffs for their product expired with the collapse of WTO talks.

EU and Latin Americans agree on banana tariffs

July 2008

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.

The agreement calls for an initial reduction of 28 euros.
Under the present system, Europe has a preferential agreement for former colonies of its member nations, but its complex tariff-quota system has come under fire by the World Trade Organization.

WTO faces moment of truth

July 2008

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.

Ministers arrived in Geneva four days ago in response to a summons from the general director of the WTO, Pascal Lamy, who admits that the process is at a delicate phase. He said the next 24 hours will be decisive.

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