date:Jul 28, 2012
tin America.
In an effort to combat heavy competition from the Americas (and to favour ACP bananas), European banana legislation introduced an import tax on Dollar bananas, moderating their importation, in 1993. This, obviously, led to hefty protests from Latin America, considering the tax an example of uneven competition. Now, the EU seems to have buckled, and recently agreed to a phased decrease of the tax. In spite of objections, the decision hasnt harmed the ACP banana.
In all, increased r