Brazil and Eight Other Countries Win First Round of Banana War

The World Trade Organization (WTO) ruled Monday, August 1st, in favor of Brazil and eight other Latin American countries that had challenged an increase in the European Union’s tariff on bananas scheduled to take effect next year.

The European Commission planned to increase tariffs on Latin American bananas from 75 euros (US$ 91) to 230 euros (US$ 279) per ton. Latinamericans argued they would have a “devastating effect” for the region.

Currently Latinamerican banana exports to EU are limited but the duty per ton never exceeds 75 euros. Proposals to replace quotas with higher duties would cost producers more and threaten livelihoods, the group of Latin American countries had claimed.

WTO officials concluded that “this increase is significant” and makes Latin American banana producers’ access to the European market more difficult.

Once WTO officially communicates its decision to the sides involved, EU will have ten days to propose a new tariff system.

Latin American countries covered by the ruling are Brazil, Colombia, Costa Rica, Ecuador, Honduras, Guatemala, Panama, Brazil, Venezuela and Nicaragua

Mercopress –


  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.


You May Also Like

Brazil Lauded for Curbing Child Labor by 61%

For being "an example of good practices," Brazil was selected to participate in Monday’s ...

Brazil’s Top Vote Getter, a Clown, May Be Barred from Congress for Illiteracy

Brazilian clown Tiririca, the candidate who won the most votes as House representative in ...

Brazil’s Company Big Plans to Push Its Coffee into the US, EU and Asia

B&D Food Corporation, a company that manufactures coffee products such as roasted ground, and ...

Florião makes his mark in Hollywood

While half of L.A. residents dream of getting a stint at the movies, Brazilian ...

Brazil: 111 Inmates Massacred. 12 Years Later, No One Convicted.

Even though the infamous Carandiru prison has been partially closed for two years, the ...

Franchises in Brazil Are 90% National and Generate 30,000 Jobs

With an annual turnover of US$ 13.7 billion (32 billion reais), franchises currently account ...

Life Expectancy Jumps 9 Years in Brazil: It’s 71.8

The life expectancy of Brazilians has jumped from 62 years and six months, in ...

A National Program for the Poor in Brazil Is Helping São Paulo Curb Its Favelas

One of the good effects of Bolsa Família (BOAsa fumMEElia) – a monthly allowance ...

Brazil Shows the World the Latest in Medical and Dental Equipment

In order to bring Brazilian producers closer to importers, the Brazilian Association of the ...

Crisis? What Crisis, Asks Brazil’s Auto Industry

The financial crisis hitting the world has lit a warning light for the Brazilian ...