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)
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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