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EU Moots Banana Tariff
BRUSSELS - Feb 1/05 - SNS -- The European Commission told the WTO it plans to set banana import tariffs at 230 Euros per metric ton (MT) effective January 1, 2006.
The tariff will apply to most favored nation (MFN) suppliers - mostly in Latin America - is intended to replace as of 1 January 2006 the present regime based on tariff quotas.
The new proposed duty preserves the current level of market access for WTO members exporting bananas to the EU under the WTO's most favored nation conditions.
"The Commission has proceeded with this notification to the WTO under the terms agreed in Doha in 2001," it said in a statement about the proposal. "These terms had been explicitly requested by the Latin American exporting countries, and they provide for the possibility of arbitration on the level of the tariff."
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