Monday, December 8, 2008

Leaders mull banana tariffs


Banana suppliers might get a break this week as European Union leaders plan a meeting of world trade ministers to address their complaints of high tariffs.

Reuters reports that suppliers in Colombia, Panama, Costa Rica and Ecuador have long complained they do not have enough access to Europe's fruit consumers. They blame high import duties and Europe's dependence on Africa and the Caribbean.

Read more about the history of banana tariffs here.

Source: Reuters

Photo: elements4health.com

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