Tuesday, December 15, 2009

FLASH: Cheaper Bananas in Europe NEXT year!

Europe Alert from The Wall Street Journal

European and Latin American countries have ended a 13-year dispute over banana tariffs in a deal that will significantly open European Union markets to more imports from countries such as Ecuador.

The agreement, signed by trade negotiators in Geneva, would immediately lower the European Union's tariff on bananas from Latin America to 148 euros from the current level 176 euros per ton. It must still be formally approved by each government.


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