Wto Agreement Bananas

The President of the dispute resolution body Shahid Bashir, Ambassador of Pakistan, presided over the signing by the EU and the ten Latin American countries of a "mutually agreed solution" (WT/DS16/8, banana disputes (DS16, DS27, DS105, DS158, DS361 and DS364) are officially settled between the EU and Latin American countries because of their current ability to export bananas, but not to the EU, Guatemala, Honduras and Nicaragua, while El Salvador may be either a case 3 or a case 4. Colombia appears to be a potential candidate. Given recent trends, expected banana exports to the EU appear to be very close to the IVTs they will face (1); In addition, its total exports have increased and, under the new import regime, it will be cost-effective to re-purchase some of its exports from other destinations to the EU market. The reduction in EU tariffs, which will become rents that can be transferred to banana traders, will amount to 4 million euros in 2010, but will reach 76 million euros by 2019.1 For all countries If recent developments in their banana exports to the EU are taken advantage of, Future developments should be foreseen, namely that in recent years they have undergone two major changes in the EU banana import regime with adverse effects on their competitiveness: the introduction, on 1 January 2006 and 1 January 2008, of the regime of tariffs and quotas for ACP exports. References: G. Anania (2010), EU Economic Partnership Agreements and WTO negotiations. A quantitative assessment of the granting and erosion of trade preferences in the banana market, food policy (35), 2, 2010, p. 140-153. G. Anania (2010),The effects of recent trade agreements between the EU and Andean and Central American countries on bananas, Policy Number Brief 5, International Center for Trade and Sustainable Development. An international trade dispute over bananas for two decades has finally been resolved.

The Banana Framework Agreement (BFA) contains provisions on treatment, the common area and banana production and other banana activities. It was concluded in 1993 between the European Union and Costa Rica, Colombia, Nicaragua and Venezuela following a dispute under the General Agreement on Tariffs and Trade (GATT) on the EU banana import regime. The European Union and ten Latin American countries have signed an agreement to formally end eight separate World Trade Organization (WTO) cases. Five Latin American countries (Colombia, Costa Rica, Guatemala, Nicaragua and Venezuela) filed a complaint in 1993 against the EU banana import regime, in which they stated that they violated the basic principles of GATT. The GATT body confirmed this view, but its report was not adopted, as the required unanimity was prevented by the EU and the countries in the ACP group of countries that received preferential treatment under the EU`s entry regime. The following year, four of the five complainants entered into the BFA with the EU, giving them specific shares in the linked tariff quota to which they were subjected to the export of bananas to the EU. [1] Since the beginning of this decade, total banana exports from ACP countries to the EU have increased significantly; In addition, recent developments show that the implementation of economic partnership agreements has enabled them to use non-quota and duty-free access to the EU market, probably more than many had anticipated. The extent to which recent trade agreements signed by the EU and Andean and Central American countries will have a negative impact on ACP exports will depend on their ability to further improve the competitiveness of their bananas in terms of product qualities and efficient logistics infrastructure.