Open

Coming up

Don't miss

Replay


LATEST SHOWS

THE WORLD THIS WEEK

The World This Week - 22 August 2014 (part 2)

Read more

THE WORLD THIS WEEK

The World This Week - 22 August 2014

Read more

FRANCE IN FOCUS

FRANCE IN FOCUS

Read more

FOCUS

Lifting the veil over China's air pollution

Read more

ENCORE!

Tango Takeover in Paris

Read more

WEB NEWS

Calls for ISIS media blackout after execution of James Foley

Read more

IN THE PAPERS

'Steely resolve of reporters exploited by pared-down employers'

Read more

BUSINESS DAILY

US judge calls Argentina bond swap offer illegal

Read more

IN THE PAPERS

Cécile Duflot ruffles some feathers

Read more

  • US demands Russia withdraw aid convoy from Ukraine

    Read more

  • Besieged by problems, Hollande faces unhappy return from summer holidays

    Read more

  • Fed Chair says US job market still hampered by Great Recession

    Read more

  • August 22, 1914: The bloodiest day in French military history

    Read more

  • Central African Republic announces coalition cabinet

    Read more

  • Iraqi Sunnis quit govt talks after mosque massacre

    Read more

  • Hamas publicly executes "informers"

    Read more

  • French firebrand leftist to quit party presidency, but not politics

    Read more

  • Fear of Ebola sky-high among Air France workers

    Read more

  • US says Islamic State threat 'beyond anything we've seen'

    Read more

  • Malaysia mourns as remains of MH17 victims arrive home

    Read more

  • Turkish Foreign Minister Davutoglu set to be Erdogan's new PM

    Read more

  • Hollande is ‘nobody’s president’ says former French minister

    Read more

  • Europe launches navigation satellites to rival GPS

    Read more

  • Interactive: Relive the Liberation of Paris in WWII

    Read more

Business

EU and Latin America seek deal to end 'Banana War'

Video by Luke SHRAGO

Text by News Wires

Latest update : 2009-12-04

There could be an end in sight for the EU's "Banana War" with Latin America. Producers angry over having to pay high taxes for access to European markets could see taxes fall if the US, home to three main banana multi-nationals, agrees.

AFP - A long-running dispute between the European Union and Latin America over banana tariffs could be resolved by the "end of the week," the EU agriculture commissioner said Wednesday, adding that the parties needed just a nod from the United States.
  
Mariann Fischer Boel said the European Union had managed to get Latin American countries and African, Caribbean and Pacific (ACP) nations to back a proposal to end the dispute.
  
"We need the Americans as well. And I must say that I'm very happy with the strong commitment from (US trade chief) Kirk, clearly saying that he wanted to help ... to finalise the long-standing banana issue," she said.
  
"Therefore I'am quite optimistic that we'll be able to finalise very soon," she said, adding that "we can have the text ready before the end of the week."
  
The banana dispute is the longest-running in the World Trade Organization, brought about by the EU's banana import regime that was introduced in July 1993.
  
While bananas shipped from Latin American countries are subject to import taxes, those from mostly poor former European colonies in the ACP region enter the bloc tariff-free.
  
The United States does not export bananas to the European Union but three of the largest producers with plantations in Latin America are US-based multinationals -- Chiquita, Del Monte and Dole.
  
The dispute can only be resolved when the EU has a deal with the Latin Americans on the level of tariff cuts, when the Europeans have an accord with ACP countries on compensation to help them cope with the tariff changes and when the United States agrees to the overall deal.
 

Date created : 2009-12-04

COMMENT(S)