China View: Spain rejects banana deal between EU, Latin America

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Spain rejects banana deal between EU, Latin America

Spain has rejected the agreement reached by the European Union (EU) and Latin American banana producers on reducing EU import duty on the fruit. According to reports from Geneva, Spanish Rural Environment Minister Josep Puxeu told reporters Monday that Spain would support high duty on Latin American bananas for "as long as possible." According to the compromise reached on Sunday between negotiators from both regions, the EU would reduce the duty per ton on Latin American banana from the current 176 euros (about 276U.S. dollars) to 114 euros (179 dollars) in 2016.