Agriculture ministers adopt new regime for banana imports, hoping to end the lengthy trade dispute with the US
Agriculture ministers adopted on 19 December a new regime for banana imports, hoping to end the lengthy trade dispute with the US and Latin American producers. In 2006, the current banana regime will be replaced by a system of tariffs, which according to the EU complies with WTO rules. In the meantime, the EU will keep a temporary system of import quotas on a first-come, first-served basis as of April 1, 2001.
The United Kingdom voted against the proposal, saying it would not be accepted by the United States. On the other hand, Ecuador and some big banana producers (e.g. Dole) have already made clear that they would be willing to accept the new regime.