Panama Insists Upon the EU Due to Banana TariffThursday, April 30, 2009 The EU lowered the banana tariff from 250 to 176 Euros per metric ton in 2005, which is still considered discriminatory. 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. Agreement Puts an End to "Banana War"Thursday, November 8, 2012 The eleven Latin American countries involved signed the agreement ending twenty years of banana trade disputes with the European countries. The so-called "banana war" between the European Union (EU) and several Latin American countries-including six Central American countries- officially came to an end on Thursday, with the signing of a trade agreement promoted by the World Trade Organization (WTO). Foreign Trade: Learning from ChileThursday, September 8, 2016 Not fearing free trade, lowering tariffs and facilitating business development are some of the ingredients the Chilean export model that Central America could follow. In an interview with Elfinancierocr.com, ProChile's director, Roberto Paiva, explained that one of the main reasons behind the success of his country's foreign trade model is the high degree of trade liberalization. Not only for having reduced tariffs, but also for "... 'having negotiated trade agreements. We have agreements with Europe and much of Asia. We don't yet have Africa. This opening not only lowers tariffs but brings us closer to the market and the business'. " EU and Latin Americans agree on banana tariffsMonday, July 28, 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. EU makes small concession on banana tariffsMonday, July 28, 2008 Europe could make an intial reduction on its tariffs on bananas by 28 euros per ton, reducing it to 114 euros per ton by 2016. The concession was made by the head of the World Trade Organization Pascal Lamy, a Frenchman, as part of an effort to revive the moribund Doha Round of trade talks in Brussels last weekend. Some hailed the concession as a major advance, but the most important banana exporters, the African, Caribbean and Pacific trade group (ACP) had evidently been looking for something better. European Parliament To Protect Banana ProductionTuesday, December 11, 2012 While passing Trade Agreement with Central America, the EP approved two clauses to protect European banana production in light of reduced tariff for imports from Central America, Peru and Colombia. These safeguards measures will allow the EU Commission to suspend preferential tariffs for up to three months should banana imports reach certain levels. |
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