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Thursday, 28 October 2010

Support for ACP banana-exporting countries

The 3040th Council meeting on General Affairs held in Luxembourg on 25 October 2010 decided not to approve all amendments to its position on the financing of so-called banana accompanying measures voted by the European Parliament.In accordance with Article 314 of the Treaty on the Functioning of the EU, a conciliation committee will now be convened in order to agree on a joint text within 21 days.
In adopting its position on draft amending budget no.3 for 2010, the Council accepted the financing
of EUR 56.7 million for the accompanying measures to help ACP banana-exporting countries affected by liberalisation measures in the framework of the World Trade Organisation. In the view of the Council, this amount should be secured by redeployments within heading 4 of the EU budget (EU as a global player) and from the margin of the same heading. Concerning the financing of further EUR 18.3 million for ACP banana supplier countries, the Council asked the Commission to propose as soon as possible additional redeployments within heading 4.

Source: Council of the European Union

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