Banana Wars End

The longest trade dispute in EU history, known as the “Banana Wars”, has ended. Ambassadors from the EU and Latin American countries today agreed to end a dispute over the EU’s banana imports which has lasted for more than 15 years.

As part of the deal, the EU will:

  • cut its import tariff on bananas – the EU will do so in stages, from the current rate of €176/tonne to €114/tonne in 2017, at the earliest; and
  • make the biggest cut first – the EU will first cut its tariff by €28/tonne to €148/per tonne, once all parties sign the deal.

In return, Latin American countries will:

  • not demand further cuts – the EU will not cut its tariff further once the Doha Round of talks on global trade resumes; and
  • drop cases against the EU – Latin American producers will settle several legal disputes pending against the EU at the WTO; some date back as far as 1993.

One response to “Banana Wars End

  1. Pingback: Nach all den Jahren: Der Konflikt über die Bananenmarktordnung ist beigelegt : Verfassungsblog - all matters constitutional

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s