No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchiveEcuador Leads Banana Negotiations

Ecuador Leads Banana Negotiations

QUITO (EFE) – Ecuadorian officialsannounced this week they plan to begincontacts with various countries in theEuropean Union to argue against a proposedE.U. tariff hike on bananas importedfrom Latin America.The European Union officially notifiedthe World Trade Organization (WTO)last week of its intent to raise the tarifffrom 75 euros ($98) to 230 euros ($300)per ton, effective in 2006 (TT, Feb. 4).“Ecuador will begin contacts withEuropean countries to sensitize themregarding the banana problem,” saidFernando Yépez, world trade director forthe Ecuadorian Foreign Ministry.He suggested other Latin Americannations follow suit. On Jan. 25, the presidentsof Ecuador, Costa Rica, Colombia,Panama and Guatemala, along with representativesfrom Nicaragua and Honduras,signed the Quito Declaration to expresstheir opposition to the increase (TT, Jan.28).With the exception of Nicaragua, thesame countries reiterated their stance in astatement to the WTO this week.Yépez expressed hope for negotiations,saying there are “profound differences”within E.U. countries regarding the tariff.Yépez said the Latin American countrieswill likely request WTO arbitration ifEurope does not relax its position.Ivonne Baki, Ecuador’s TradeMinister, said the United States supportsthe Latin American banana-producingcountries’ position.Although the United States does notexport bananas, U.S. multinational corporationssuch as Dole and Chiquita operatebanana plantations throughout LatinAmerica, giving Washington, D.C. a reasonto put pressure on the WTO in favorof a lower tariff.

Trending Now

Patient Lives at Stake as Costa Rica’s Night Flight Restriction Delays Transfers

The Costa Rican Social Security Fund (CCSS) has raised concerns over a ban on nighttime flights at the nation's airfields, which has hindered prompt...

U.S. Pauses Immigrant Visa Processing for 75 Countries

The United States said Wednesday it was suspending the processing of immigrant visas from 75 countries, President Donald Trump's latest move against foreigners seeking...

Panama’s Iconic Thousand Polleras Parade in Los Santos

Panama sets the stage for its premier cultural event, the Desfile de las Mil Polleras, on Saturday. This annual parade draws thousands to celebrate...

Michael Jordan Lands in Costa Rica for Pelagic Rockstar Fishing Tournament

NBA icon Michael Jordan touched down in Costa Rica yesterday, marking his fourth trip to the country in the past year. Local reports confirm...

Costa Rica Presidential Hopefuls Unite Against Fernández in Debate

In last night's heated presidential debate hosted by the Tribunal Supremo de Elecciones, Laura Fernández of the Partido Pueblo Soberano came under heavy fire...

Costa Rica Tribunal Denies Efforts to Bar Salvadoran President Bukele’s Visit

The Supreme Electoral Tribunal (TSE) turned down two legal challenges aimed at stopping Salvadoran President Nayib Bukele from entering Costa Rica. The decision came...
Avatar
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Travel

Latest News from Costa Rica