EU struggles to help banana nations
THE European Union (EU) is battling to shore up the economies of the Windward Islands and other Caribbean banana-growing nations.
The EU banana import regime grants special import quotas and tariffs to the mostly former British and French colonies.
But the EU has lost its battle at appeal against the World Trade Organisations panel, which ruled that the EU banana import regime violated free trade rules.
The small states say they can no longer compete with the low-cost Latin American producers. Their economies could face collapse if their European market is cut off.