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Wednesday, 01 February 2012

Again a 'banana issue'?

As Peace FM online reports, the President of the newly-created African Pineapples and Bananas Association (APIBANA), Mr. George Kporye, urges government to sign the EPA with the EU. Kporye stresses that the agreement guarantees a quota-free entry into the European market and he is thankful that the interim EPA that Ghana initialled on December 13, 2007, allows pineapple and banana producers access into the European market tariff-free. “If Ghana does not sign the EPA, pineapple and banana producers will be subjected to tariffs, and we cannot afford that in the face of stiff competition”, he states.
The president highlights that African producers face unequal competition from Latin American producers, through a set of agreements such as the Geneva agreement and the EU-Central American agreement -- both of which have changed the equilibrium of supply and demand in the EU market.

Source: Peace FM Online/B&FT