| Author (Corporate) | European Commission: Press and Communication Service |
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| Series Title | Press Release |
| Series Details | IP/05/118 (31.1.05) |
| Publication Date | 31/01/2005 |
| Content Type | News |
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The European Commission notified on 31 January 2005 to the WTO its intentions concerning the level of duty in the new tariff-only system for the EU's import regime for bananas. The new tariff proposed by the Commission of €230 per tonne for most favoured 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 favoured nation conditions. The Commission proceeded with this notification to the WTO under the terms agreed in Doha in 2001. These terms had been explicitly requested by the Latin American exporting countries, and they provided for the possibility of arbitration on the level of the tariff. The EC planned to maintain a preference for African, Caribbean and Pacific (ACP) countries, in a manner respecting entirely the EU's obligations and commitments towards all interested parties. |
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| Source Link | Link to Main Source http://europa.eu/rapid/pressReleasesAction.do?reference=IP/05/118&format=HTML&aged=0&language=EN&guiLanguage=en |
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| Subject Categories | Business and Industry |
| Countries / Regions | Europe |