EU proposes substantial increase in banana tariff
EU proposes substantial increase in banana tariff
At a Jan. 31 World Trade Organization meeting in Brussels, the European Union formally proposed a banana import tariff adjustment that would raise the levy to 230 euro ($300) per ton as of Jan. 1, 2006. EU leaders said that this will balance the demands of large-scale growers in Latin America and interests of traditional suppliers in Africa and the Caribbean. According to an Associated Press report, Caribbean producers had hoped that the EU would set a 275 euro ($358) per ton tariff, while Latin American exporters had pushed for 75 euros ($98) per ton. The eventual figure will have to be