Banana Split, How EU Policies Divide Global Producers: Policy Issues in International Trade and Commodities Study Series. 31

Author: David Vanzetti, Santiago Fernandez de Cordoba, Veronica Chau

Price £12.49 Publisher United Nations Publication date 16 February 2006 ISBN 9211126770

Publication synopsis This publication looks at the likely impact of the change of arrangements for the import of bananas into the EU. At present banana prices within the European Union are almost double world levels. These prices are maintained by restrictive import quotas and tariffs that generate rents that accrue to producers and distributors. The European Union is obliged to remove its quantitative restrictions and replace them with tariffs that are likely to give preference to existing quota holders from ACP countries. Indications are that a relatively small proportion of the rents are currently accruing to ACP producers and the loss in rent would be more than offset by the expansion of EU imports.

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