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EU banana producing countries in Latin America have completed 16 years-long dispute over bananas, which applies to the longest trade dispute in history. EU duties on bananas from Latin American countries gradually canning method dropped from 176 to 114 euros per tonne.
Geneva - EU banana producing countries in Latin America have completed 16 years-long dispute over bananas, which applies to the longest trade dispute in history. EU duties on bananas from Latin American countries gradually dropped from 176 to 114 euros per tonne, while the African, Caribbean and Pacific countries from the ACP group helped to adapt.
The dispute has a long history as the first action against the Union before the World Trade Organization (WTO) date back to 1993, the WTO has already ruled in September 1997 that the import regime for bananas European canning method Union infringes the principle of equal access for all banana producers in the EU market. WTO rules does require that the member of the WTO for all other states canning method to establish a single customs duty (the principle of non-discrimination), and the EU countries in the ACP group, mostly former colonies of European countries, offering more favorable - in the context of a quota even duty free - import regime as Latin American countries. in accordance with the agreement, which was on Tuesday canning method night at the WTO headquarters canning method in Geneva initialed by the European Commission on behalf of the EU and the Group of Latin American countries (Colombia, Panama, Ecuador, Costa Rica, Honduras, Guatemala, Peru, Brazil, Mexico, Nicaragua and Venezuela) will EU import tariffs on bananas from those countries until 2017, gradually decreased from 176 euros per tonne, so far as it is now, at 114 euros per tonne. The most pronounced reduction in customs duties will be the first since the EU customs duty reduced by 28 euros as soon as all parties to the agreement canning method finally signed an agreement to report foreign news agencies. In turn, the Union main banana-exporting countries in the ACP group offered up to 200 million euros in aid for adaptation to the harsh market competition canning method will continue to adhere to the existing favorable customs regime. Latin American bananas are in fact increasing and the EU more popular than African. In 2008, both the ACP countries in the EU exported 920,000 tonnes of bananas, Latin American countries canning method and 3.9 million tonnes. Mainly from Africa so already coming warning of negative consequences, which should be an agreement had them. Countries are not satisfied even with the aid of the EU, in particular small producers from the group could even have been completely excluded from the EU market. Although the U.S. is not a producer of bananas, but in the past they themselves brought canning method several complaints against canning method the EU before the WTO. The largest company producing Ban in Latin America, The American Chiquita, Del Monte and Dole. That is why the U.S. has with the EU on Tuesday canning method initialed a separate agreement, pursuant to which U.S. authorities to withdraw all proceedings against the EU's banana. The agreement have already responded positively WTO Director-General Pascal Lamy, who said that this has ended one of the best sc j "sensitive, complex and commercially important sagas" in the history of the organization, European Commission President Jose Manuel Barroso, who expressed his pleasure that it is a good compromise, and U.S. Trade Representative Ron Kirk, but at the same time warned that this is only the beginning canning method of the process, since it must be ratified by all sides involved. All of them have insisted that the agreement could mean a huge boost stalled negotiations on the liberalization of world trade in the so-called canning method Doha Development Round. The leaders of the Group of 20 major world economies (G20) in September expressed the desire that the Doha Round concluded next year, any resolution of the dispute, be charged to international trade relations, in the opinion involved a significant contribution to the success of the negotiations. Source: Work
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