EU And Central America Ratify Banana AgreementTuesday, June 1, 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. Latin America Accepts EU's Proposal on Banana TariffWednesday, November 18, 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. Banana Dispute Comes to an EndTuesday, December 15, 2009 Latin American banana growing countries landed a tariff agreement with the European Union. Under the terms of the new agreement, the tariff will be immediately reduced from 176 euros per ton to 148 euros. In the next 10 years it must be gradually reduced to 114 euros. Agreement to Lower Banana Tariffs ApprovedTuesday, January 18, 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. Banana Agreement PostponedTuesday, December 1, 2009 Costa Rica ruled out the possibility of reaching an agreement for reducing European tariffs to banana this week. Marco Vinicio Ruiz, Costa Rica's Commerce minister, ruled out a banana agreement between Latin America and the European Union this week, because the technical meeting was suspended. Establishment of price of banana creates friction with Costa RicaTuesday, December 2, 2008 The establishment of a minimum price for the export of Costa Rican banana has once again cause serious friction between trading companies and independent farmers. The National Chamber of Independent Banana Farmers launched the petition last week for the price of an 18.14 kilo box to go up $8.66, up from the current $7.17, starting January 2009. Banana Boom in NicaraguaMonday, January 19, 2015 An improvement in international prices and an increase in export volumes are responsible for the 282% increase in revenues from banana exports in 2014. Banana export revenues at the end of 2014 totaled $8.7 million, i.e. $6.5 million more than reported in 2013. In regard to export volume, the figure rose to 22.9 million kilos compared to 9.7 million kilos in 2013. Demand for Organic Bananas and Pineapples in ChileMonday, November 26, 2012 The Costa Rican Trade Promotion Office has announced opportunities in the Chilean market. A statement from the Costa Rican Trade Promotion Office (PROCOMER): Agreement Close in Banana DisputeMonday, July 6, 2009 European sources reported that they are close to reaching an agreement that “will depend on political will.” 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. Europe prepared to bring bananas to table in talks with Central AmericaFriday, June 13, 2008 The European Union is prepared to discuss the possibility of banana imports as part of the agenda for talks on an association with Central America. Bananas is one of the touchiest subject in negotiations toward an agreement on free trade, cooperation and political dialogue. The talks are due to conclude next year. European Union Protects its BananasTuesday, September 27, 2016 In Europe an amendment has been approved to protect banana producing countries in the bloc from Latin American competition. The commission voted to "automatically activate a safeguard clause" for bananas from European overseas territories, said the French lawmaker Younous Omarjee from the Socialist Party, in a statement. $23 million Investment in Banana ProductionThursday, June 1, 2017 In Nicaragua, a banana processing and packaging plant has opened up in the free zone regime, with a capacity to process 3,500 cases per day. The company Banano Líder is now one of the 264 companies operating in the country under the free zone incentive scheme. The new plant, located in La Paz Centro, León, has capacity to process 3,500 cases of the fruit per day. Honduras: Good Expectations for BananasTuesday, November 22, 2016 Producers predict to end 2016 with a growth of between 6% and 7% in the export of the fruit. Despite the adverse weather conditions which affected banana production not only in Honduras but also in other parts of Central America, revenues generated from the sale of bananas abroad could reach $485 million this year, according to projections by the Secretariat of Agriculture and Livestock. Will there be peace in the 'Banana Wars'?Wednesday, December 2, 2009 The agreement between Europe and Latin America generated optimism, but ACP countries and the U.S. must still be pleased. Latin America accepted an offer by the European Union to gradually reduce the tariff applied to banana imports from 176 euros per ton to 114 euros in 2017. EU Congress Lowers Banana TariffsThursday, February 3, 2011 The European Parliament voted to lower tariffs on Latin American bananas by 35% for the next six years. Under the agreement, the tariffs on banana imports from Latin America will decrease from the current 176 Euros to 114 Euros per ton in 2017. |
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