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190 million EUR allocated to ACP banana exporters until 2013

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Wednesday, 09 November 2011

190 million EUR allocated to ACP banana exporters until 2013

Ten ACP countries are to benefit from a total of 190 million EUR as part of a temporary programme (2010-2013) of accompanying measures in the banana sector. This compromise was reached after long negotiations between the European Parliament, the Council and the European Commission.

Allocation of funds will be handled according to three criteria: The place of the banana sector in the ACP country, banana exports, and the development stage of the country.

Negotiations also reached a compromise on the Parliament’s request to adopt multiannual programmes for the three funding instruments for EU external action (European Development Fund, Development Cooperation Instrument, European Neighborhood and Partnership Instrument) through the delegated acts procedure, which would have circumvented the Ordinary Legislative Procedure and given the Parliament the right to oppose a Commission draft measure.

In the compromise reached, the Council committed to discussing the option of using the delegated acts procedure for external action instruments in the negotiations to the Multiannual Financial Framework 2014-2020. Before the compromise can become effective, the Parliament and the Council have to approve it by the end of November.

Source: CTA/Europolitics