Re: Chiquita Plantations...Anything changed?
And it continues......
From the Daily Telegraph in the UK regarding EU negotiations - this will no doubt be bad news for us here in the Dominican Republic!
An agreement, which could come as early as this week, would end the so-called 'banana wars' - the world's longest-running trade dispute.
It would also bolster the World Trade Organisation, whose Doha negotiations to free up global commerce have at times been held hostage by the row.
Bananas cheapest for 14 years amid supermarket price war
Bananas turn bright blue under ultra-violet light helping animals pick ripe ones "We are in the closing stages of what could be the end of this long dispute," Baroness Ashton told Reuters on Wednesday on the sidelines of an EU-Russia summit in Stockholm.
"I think it will be later this week or early next week.
The decades-old dispute with exporters in Latin America is over their complaint they pay higher tariffs than African, Caribbean and Pacific rivals to sell bananas in Europe.
A deal, which should be sealed before the WTO's ministerial conference starting on Nov 30, would see the EU steadily cutting tariffs on bananas for suppliers in Latin America and elsewhere.
It is likely to reduce prices for consumers, bolstering competition and strengthening the hand of low-cost Latin American exporters.
It will help companies like Chiquita and Dole, US distributors of the region's bananas.