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Tuesday, November 29, 2005
Despite free trade rhetoric, EU keeps banana tariffs high
Despite encouraging governments around the world to open up markets to European goods, the EU agreed on a 176 Euro/ton tarriff on bananas, angering many trade officials in Latin America. The EU has maintained a policy of favorable tariffs for former European colonies, including the Caribbean islands of Guadeloupe and Martinique. (Reuters)
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