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Vol 50 No 12

Published 12th June 2009

Banana skin

A row is growing between the African-Caribbean-Pacific countries and the European Union. On 29 May, ACP trade ministers accused the EU of sacrificing development to commerce. They asked for 500 million euros (US$698 mn.) in compensation for the EU’s proposal in March to nearly halve import taxes on Latin American bananas, from 176 to 114 euros per tonne. These are produced by deep-rooted multinationals such as Chiquita, Del Monte and Dole; their fruit, particularly from Colombia and Ecuador, was already nibbling at African sales.

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