It is being reported from Brussels that the world's longest-running trade dispute may soon come to an end. The EU has finally agreed a deal with banana producers in Latin America to cut tariffs on banana imports allowing Latin American producers to be more competitive with African and Caribbean producers (who pay no tariff).
Duty on imported bananas will be cut from EUR 176 per tonne to an initial EUR 148 and further cuts will be made on an annual basis over the next several years to EUR 114 per tonne.
The deal is expected to be initialled shortly.
However, the move is likely to disadvantage African and Caribbean producers although there is reportedly a EUR 200 million compensation package in place for these producers.
"ITSs experience and knowledge has ensured projectswere completed with a favorable result."
K R Maddison, Financial Controller Bard Limited
"Rob explains clearly, and gets on with people. He isvery constructive and pragmatic. His loyalty to thereds is admirable, if misguided. One of my favouriteScousers!"
Nick Mallett, Partner DHM Stallard
"ITSs broad knowledge of Customs has proved invaluable"
D. Widdowson, Director of Financial Accounting Croda Chemicals Europe Ltd
"Rob has provided customs advice on many occasions,always demonstrating deep knowledge of his subject tohelp the business mitigate its duty liabilities."
Stuart Reid, Financial Director Komatsu UK
"I have worked with Rob on sticky HMRC issues. As wellas direct assistance, Rob has provided excellenttraining for operational staff. I recommend ITS."
G. Mitchell, Senior Operations Manager EPSON
"ITS have highlighted significant cost savingopportunities."
CW Winter, Financial Controller Special Metals Wiggin Ltd.
"ITS helped us to reach a successful conclusion when HMCustoms tried to reject our proposed changes by usingtechnicalities."
D. Suddens, Finance Manager Blanc Aero Industries UK Ltd
