An end to the 'Banana Wars' at last?

21 December 2009

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.

For more up-to-date developments and Latest News visit our website:

Browse Articles

By Category
Anti Dumping Classification Duty Relief General Origin Valuation
By Tag
By Date
2016 2015 2014 2013 2012 2011 2010 2009

Mailing List

To stay abreast of important news and announcements, join our monthly mailing list.

About Us

We established ITS back in 2001 on the principle of delivering clear and measurable value to the highest professional standards, something that I feel passionately about to this day.

Find out more

What We Do

We understand that you are having to do more with less resulting in long to-do lists, urgent deadlines and a growing pile of projects which could add value if you only had the time.

Find out more

Latest News

From the four building blocks (Origin, Classification, Valuation and Duty Reliefs) to Senior Accounting Officers and their responsibilities and the introduction of AEO.

Latest News