:. Food Industry News


Ecuador Files WTO Complaint Against EU Banana Duty

Source: Reuters
16/11/2006

Brussels, Nov 16 - Ecuador has filed a complaint at the World Trade Organisation (WTO) against the European Union's single import tariff for bananas, an industry source said on Thursday.

Daily News Alerts

Ecuador, the world's largest banana exporter, has long said the EU's import duty of 176 euros ($225) a tonne, in force since January 2006, is far too high and damages its local industry.

The system, to replace a complex arrangement of duties and quotas, was agreed with the WTO to end the 1990s "banana wars" that Europe lost at the hands of Ecuador and the United States.

During 2005, while the EU's executive Commission was negotiating the level of its new tariff, WTO panels slapped down two previously proposed EU duties of 230 and 187 euros, saying they were too high and discriminated against Latin America.

Before the new regime entered into force, Latin exporters paid 75 euros per tonne, within set quotas, to get their fruit into Europe. Anything above that faced a duty of 680 euros.



GO   View more articles on this subject


More Alerts from 16/11/2006


Email This Article To A Colleague     Print A Copy Of This Page
 
 
 
 
FLEXNEWS - Business News for the Food Industry

About Us | Contact Us | Terms & Conditions | Privacy Policy
 
Daily News Alerts
Related Items
EU to Appeal WTO Ruling on Banana Import Regime
EU, Latin 'Banana Wars' in Focus at WTO Talks
More Time for U.S.-EU Banana Row Talks
EU to Appeal Against WTO Ruling on Bananas
WTO EU Banana Import Regime Breaks Trade Rules
EU Loses Another Battle in WTO 'Banana Wars'
WTO Finds EU Banana Tariffs Illegal - Officials (DJ)
EU, Ecuador Seek Deal on Banana Import Duty
Ecuador Seeks WTO Ruling in Banana Row with EU
EU Warns Ecuador Banana Row is Risk to Trade Talks

More in Food Industry News
San Miguel Ordered to Pay Rival Brewery US$2.7 Million...
Colombia: Coffee Production and Exports Forecast to...
Ebro, British Sugar in Sugar Unit Talks - Source
UAE New Melamine Certification Requirements for Dairy...
Indonesia Says Aims to Export Sugar in 2009
EU Agrees Deal on Reforming Farm Policy to 2013
India Tea Exports to Cross 200 Million Kg in FY2009...
Ivorian Cocoa Crop Seen Down at 1 Million Tonnes
Gates' Fund Raises Stakes in Mexico Drinks Companies...
Kenya Coffee Prices Fall Despite Strong Demand

Top Headlines
New Brazilian Bunge Sugarcane Mill Operational in May
BASF Issues Profit Warning, Cuts Global Output
Burger King Corp. to Limit Sodium in Advertised Kids...
Sime Enters China's Palm Oil Refinery Business
Dutch Private Label Beverage Maker Refresco Sees Expansion...
T1R1 Receptor Binding Assays for Identification of...
Saudi Arabia Retail Food Sector Annual Update 2008
Sofiproteol's Diester Industrie Acquires Glycerine...
China Resources Enterprise Announces Unaudited Quarterly...
Rising Ivorian Cocoa Prices Dampen Ghana Trade
Yum Brands to Globalise Taco Bell Chain
George Weston Earnings Little Changed
Nomura Chief Says Global Liquidity Crisis is Over
Benchmark Thai Rice Price Rises to $580 Per Tonne
Nespresso: Gourmet Coffee Demand Safe from Crisis
Food Costs, Weak Economy Boost Anti-Ethanol Lobby
Final SOS Cuetara Biscuit Unit Bids in 3 Weeks
InBev Closes Bud Deal, Becomes No. 1 Brewer
Glanbia Confirms 2008 Market Expectations; Announces...
Central America Coffee Farms Holding Out for Price...
Nestle Opens Second R&D Facility Dedicated to its...
Nestle Marketing Man Hopes to Revive Brand Carrefour
Pepsi Bottling to Cut Jobs, Trims Forecast
Brazil to Limit Cane Planting in Food Producing Areas...
Israel's Strauss Group Q3 Net Profit, Revenue Rise...
Probiotics to Influence Fat Metabolism and Obesity
Onion Flavoured Compounds and Use
Constellation Brands Sees Steady Business


 


FLEXNEWS 2008 - All rights reserved
ISSN 1950-6228