EU: Banana producers not happy with EPA
The regional banana marketing company says Caribbean banana farmers have gotten a raw deal in the recently signed trade deal with the European Union (EU). The Windward Islands Banana Development and Exporting Company (WIBDECO), said the Economic Partnership Agreement with the EU will not solve the problems of the Windward Islands banana industry. Chief Executive Officer Bernard Cornibert said they were left holding the short end of the stick and that the deal will not come anywhere close to resolving the problems that the industry has faced over the years. The EPA provides for duty free and quota free entry of Caribbean bananas into the EU. However Cornibert said the duty free entry already exists and it is the quota free component that threatens the survival of the industry.
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