Bridges Trade BioRes • Volume 5 • Number 6 • 1st April 2005
Latin American Countries Lodge New WTO Bananas Case
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Ecuador, Costa Rica, Colombia, Guatemala, Honduras and Panama lodged a challenge at the WTO to the EU’s proposed 230 Euro import tariff on 30 March (see BRIDGES Trade BioRes, 4 February 2005). The move comes in reaction to fears from the six Latin American countries that the new tariff, which aims to replace the old EU quota system which was ruled illegal by the WTO in 2000, is too high and could be discriminatory for foreign banana producers and threaten their exports of bananas to the EU. However, African, Caribbean and Pacific countries — who export into the EU under preferential access agreements — have suggested the proposed tariff is too low.
“Six Latin American countries challenge planned EU banana tariff at WTO,” AFP, 1 April 2005; “Trade-EU: New Banana Battle Looms,” IPS, 1 April 2005.
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