Banana Wars finally over!

12 July 2010

After one of the most protracted trade disputes in modern history, two agreements were signed that will hopefully put an end to the “banana wars”.

The Geneva Agreement on Trade in Bananas between the European Union and Brazil, Colombia, Costa Rica, Ecuador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Peru and Venezuela and the Agreement on Trade in Bananas between the EU and the USA.

The Geneva Agreement puts in place gradual cuts on the multilateral banana tariff from EUR 176 per tonne to EUR 114 per tonne by 2017. Furthermore, the recent EC accords from the Madrid summit in May accords preferential treatment to Colombia, Peru, Costa Rica, Guatemala, Honduras, El Salvador and Nicaragua meaning that the EUR114 per tonne will fall further to EUR 75 per tonne by 2020.

The deal will apply retrospectively from the 15 December 2009 once the European Parliament, the European Council and the WTO have approved the arrangement.

However, the bilateral accords will also provide for “trigger levels” that will lead to an increase in tariff levels in any given year if imports reach a pre-determined “quota level”.

Next Steps

For more latest news visit our website at

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