UK's lower banana tariffs from Mexico and Peru worrying for ACP countries

Published 2023년 11월 16일

Tridge summary

Recent tariff cuts on banana imports from Peru and Mexico by the UK have raised concerns among African, Caribbean and Pacific (ACP) countries as it could disadvantage smaller African growers in the UK market. The Aruibana association is worried that similar concessions could be granted to key Latin American growers, giving them disproportionate power in negotiations with British supermarkets. The banana industry plays a crucial role in providing stable employment in rural areas, and the concerns highlight the challenges for ACP countries as the UK shapes its post-Brexit trade policy.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Recent tariff cuts on banana imports from Peru and Mexico by the UK have raised concerns among African, Caribbean and Pacific (ACP) countries. Previously, the UK, as part of the EU, offered favorable trading terms to ACP countries, with tariff exemptions and quota-free exports. The tariff cuts for Peru and Mexico, with costs falling from £62/1000kg to £40/1000kg for up to 8000 tonnes of bananas, have raised concerns about the impact on ACP banana growers. The Aruibana association, which represents fruit growers and exporters in Ivory Coast, Cameroon and Ghana, is raising concerns about the possible granting of similar concessions to key Latin American growers Ecuador, Costa Rica and Colombia. If these concessions are granted, Latin American growers could make significant savings, giving them disproportionate power in negotiations with British supermarkets. This in turn could disadvantage smaller African growers in the UK market, where a few retailers dominate banana sales. ...

Source: AGF