15 July 1999
Banana talks planned

CARIBBEAN and Latin American banana exporters are to hold talks in an attempt to resolve their differences over access to the European Union market.

The World Trade Organisation has upheld US complaints that the EU unfairly favours producers in the Caribbean and other former European colonies

It ruled that the policy should be changed to allow access to other producers, such as those in Latin America.

The talks are planned to seek adjustments to the current market arrangements to find a “mutually beneficial” agreement for Caribbean and Latin American producers.

Caribbean exporters have previously maintained that they need protection of the EU preferences because their small, open economies are dependent on earnings from banana exports and their production costs are higher than Latin America.