date:Feb 07, 2017
Yesterday, the European Union (EU) decided to implement a protectionist policy to its banana industry. The greatest beneficiary would be Spain, which produces 60% of Europe's total production.
The MEPs approved a mechanism to protect the fruit grown in Europe, which will allow suspending the Ecuadorian banana tariff preferences when imports of this product exceed a certain annual threshold.
In addition, the endorsed standards include an early warning system that will be triggered when imports