Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-02-03-Speech-4-305-000"
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"en.20110203.25.4-305-000"2
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"I voted in favour of the draft decision on the conclusion of an Agreement on Trade in Bananas. Bananas are the world’s fourth most important crop, and make a major contribution to food security. However, in most banana producing countries, production is exclusively for the domestic and occasionally regional markets, with only 20% of global production being traded internationally. Control of the banana trade is concentrated in the hands of a limited number of companies, with just five major multinationals controlling more than 80% of all internationally traded bananas. On 15 December 2009, the EU, a group of Latin American countries and the United States reached an agreement on the EU’s tariffs on banana imports, bringing to a close one of the most protracted and bitter disputes in the multilateral trading system’s recent history. The agreement consists of three basic components: an agreed schedule of tariff reductions for most-favoured nation (MFN) banana exporters; agreement on how to deal with ‘tropical products’ and products subject to ‘preference erosion’ in the wider WTO negotiations; a financial package, amounting to EUR 190 million, of assistance to ACP banana exporters, to be known as the Banana Accompanying Measures (BAM) programme. The disputes on bananas have destabilised the climate for production and trade in the countries concerned. The deal will make the global market in bananas more predictable and stable, and thereby encourage investment and growth, and increased attention to wider production condition issues in the banana supply chains."@en1
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