USA seeks sanctions in banana war
THE USA renewed pressure on the European Union (EU) in the banana dispute yesterday (Thursday).
The Americans announced plans to get World Trade Organisation approval for retaliatory sanctions on EU exports.
The US sanctions, which consist of 100% tariffs on a bizarre selection of exports, would cost the European Union $520 million (£313.5m) a year. They consist of taxes on imports ranging from candelabra to cashmere sweaters and pens.
As of this week, imports of pork could be added to the list. The sanctions would cover exports from all EU members except Denmark and the Netherlands, which did not vote in favour of the banana regime.
The USA wants the EU to end its preferential treatment of bananas imported from former colonies of France and Britain in the Caribbean, Africa and the Pacific.
- USA keeps up banana threats, FWi, 13 January, 1999
- WTO to meet on bananas, FWi, 11 January, 1999
- Caribbean banana exporters attack USA, FWi, 05 January, 1999
- The Independent 15/01/99 page 5 (Friday Review)
- Financial Times 15/01/99 page 5