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EU requests second WTO arbitration for the banana import regime

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Wednesday, 28 September 2005

EU requests second WTO arbitration for the banana import regime

EU requests second WTO arbitration on its revised proposal for the banana import regime
The EU today submitted a request for a second arbitration on its proposal for a new import tariff for bananas from countries benefiting from Most Favoured Nation status. The Commission has carefully analyzed the award from the first arbitration. It is confident that its revised proposal for an import duty of € 187/tonne for MFN suppliers and a tariff quota of 775,000 tonnes at zero duty for bananas originating in ACP countries maintains market access for MFN suppliers and an equivalent level of preference for ACP suppliers as the current regime. The intention remains to have a tariff only system in place on 1 January 2006.