European Union Protects its Bananas


News from Panama / Monday, October 3rd, 2016

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In Europe an amendment has been approved to protect banana producing countries in the bloc from Latin American competition.

The commission voted to “automatically activate a safeguard clause” for bananas from European overseas territories, said the French lawmaker Younous Omarjee from the Socialist Party, in a statement.

Nacion.com reports that “‘At a time when the European Union (EU) already has in place agreements with Peru and Colombia, and Ecuador, a major banana producer, it is looking to join a multiparty trade agreement, representatives want protectionist measures to be activated … Parliament wants preferential tariffs granted to the Andean countries to be automatically suspended in relation to banana imports from these countries over a certain quota’.”

See document by the International Commission of the European Union.