EU loses banana war at WTO

 
Last Updated: Saturday 04 July 2015

Disputed bananas The World Trade Organization has ruled against the eu's import tariffs on bananas. It backed the us, which argued that eu import duties of 176 (us $255) a tonne on bananas from Latin America harmed exports from major producers like Ecuador, Honduras, Panama and Nicaragua.

Although the us does not export bananas to the eu, three of the largest producers with plantations in Latin America are us -based multinationals: Chiquita Brands International, Del Monte and Dole. The eu has been accused of favouring its former colonies in Africa, the Caribbean and the Pacific with a quota system that permits 775,000 tonnes of duty-free imports per year.

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