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Tuesday, 08 December 2009

Closer ties with Latin America jolted by EU Banana deal

As the European Union gets ready to sign an agreement with Latin America to end a 16-year trade war over bananas, Caribbean Community (Caricom) countries are expressing their frustration at the perceived double standards of the Latin American leaders. The new accord slashes import taxes on bananas from Latin America, from 176€ a tonne to 114€ over the next seven years. But the region's top public servant, Edwin Carrington, told IPS that the decision by the Latin American countries to consistently seek to erode the position of Caribbean banana-producing states on the European market "raises for me a peculiar question".

Source: IPS