05 January 1999
Caribbean banana exporters attack USA
CARIBBEAN banana exports have attacked a US decision to impose punitive duties on imports from the European Union (EU).
The duties have been imposed because of the dispute over the EUs banana import regime.
The exporters fear the EU could yield to US pressure and make changes that will deprive Caribbean producers of their preferential market.
The USA is imposing the duties because of EU arrangements which favour former colonies, mainly those in the Caribbean.
Caribbean producers account for 3% of world banana exports and 20% of EU imports.
But the fruit from the islands is more expensive to produce than that from Latin America and would be uncompetitive in an open market.
- Financial Times 05/01/99 page 5