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Transcript of Banana Farmers
Acts on behalf of CB Int'l
Claimed policy to be WTO-Illegal
WTO ruled with US
Banana Policy applied to all countries 1996 1998 US & EU continue to argue terms Present 1975 Lome Convention favours LDC's banana farmers:
-7% market access license at lower tariff
-Two-tier tariff quota EU challenges WTO policy
US releases punitive tariffs against EU
EU becomes neutral Caribbean Banana Farmers Produce 3% of world's bananas
Bananas account for 50%-91% of LDC export earnings
Caribbean producers hold 8% of EU market Sources "Support Caribbean Bananas | Banana Link." Support Caribbean Bananas | Banana Link. N.p., n.d. Web. 03 Oct. 2012. <http://www.bananalink.org.uk/support-caribbean-bananas>.
"Trinity College Dublin." Banana Case Study. N.p., n.d. Web. 03 Oct. 2012. <http://www.tcd.ie/iiis/policycoherence/eu-agricultural-policy-reform/banana-case-study.php>.
Walker, Aurelie. "Caribbean Banana Industry Decline Is No Sideshow." The Guardian. Guardian News and Media, 18 May 2010. Web. 03 Oct. 2012. <http://www.guardian.co.uk/commentisfree/2010/may/18/decline-caribbean-banana-trade-europe>. Duty of E-176/tonne for Latin American exporters
Duty free tariff quota of 775 000 tonnes 1, January 2006 the EC introduced a tariff regime December 2008, WTO removed the tariff regime