Banana farmers secure preferential access to EU market
By Michael D. • Jan 10th, 2008 • Category: NewsThe signing of the Economic Partnership Agreement by the Caricom heads enables banana farmers to enjoy a duty free quota free arangement in Europe.
The Caribbean EPA offers duty and quota free treatment for all Cariforum goods entering Europe as of January 1, 2008, except for rice and sugar.
In their case there will be a two year transition period and increased quotas before they too have quota free and duty free status.
In return Cariforum will remove tariffs from eighty per cent of EU imports into the region over a 15 year period, with sensitive goods receiving protection for up to 25 years or indefinitely.
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