By Timothy E. Josling (Editor), Timothy G. Taylor (Editor)
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Additional info for Banana Wars: The Anatomy of a Trade Dispute
3, which is well in line with that sporadic information. At the level of licence prices estimated, their value was equivalent to between one-quarter and one-third of the importer’s selling price in the EU. As a side-remark, the fact that licences for dollar banana imports have indeed attracted such a high value in the EU is indicative of a situation in which, contrary to statements of the EU made in the second GATT banana panel, the quota is very much restrictive. Another notable feature of the new regime was the way in which it responded to the complex structure of the companies that were 40 S.
Moreover, it was in line with one of the ‘pillars’ of the CAP, which requested the maintenance of ‘Community preference’. The difficulty, though, with this strand of argument was that the 20% CET was not considered sufficient, or at least not always sufficient depending on the market situation, to grant the required ‘advantages’ to the ACP countries, nor (always) enough to provide what was considered the necessary protection to EU/DOM producers. However, raising that tariff was not a directly viable option either, because 32 S.
After all, it was exactly such high barriers against banana imports from Latin America that had provided the advantage for ACP producers in the past. From this perspective, it could not come as a surprise that the EU member states concerned should favour a new EU-wide regime that was to constrain access to the EU market from Latin American countries. That a regime of that sort would, at the same time, also benefit producers in EU and DOM territories like the respective national regimes had done in the past was, by the member states concerned, seen as a positive side-effect.
Banana Wars: The Anatomy of a Trade Dispute by Timothy E. Josling (Editor), Timothy G. Taylor (Editor)