Banana Producers Turn To Regional Markets

The EU is lowering tariffs on banana imports from Latin America. This will make bananas from Latin American Producers (mostly grown by multinational companies like Dole and Chiquita) more competitive against bananas grown by African, Caribbean and Pacific countries. One expert estimates that banana exports from Africa will fall by 14% as a result of these changes. A drop in banana exports from Africa and the Caribbean counties would harm employment levels and individual economies....More