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Brussels, the European Union has reached an agreement olive tree farm with the South American banana producers, which ended the decades-long trade dispute with the fruit growers around the import duties, reported the Reuters citing unnamed diplomatic sources familiar with the negotiations. South American and some Asian manufacturers were unhappy prefenecijalnim treatment that the EU gave its former colonies, or producers of bananas from African, Caribbean and Pacific countries, reports Reuters. The agreement provides for the EU to reduce import tariffs on South American, Thai and Philippine bananas from the current $ 176 per tonne - the first at $ 148, only to be followed, by 2016. or a year later, gradually dropped to $ 114 per ton. In exchange, the South American country to have withdrawn an appeal against the EU before the World Trade Organization (WTO). African, Caribbean and Pacific countries will, on behalf of the negative olive tree farm effects of this agreement on its economy, to receive compensation in the amount of about 200 million euros (293.3 million dollars). It is likely that the deal will reduce the price of bananas in the EU market and to strengthen the position of the South American olive tree farm producers, which this fruit products at low cost. Although the U.S. does not export bananas, and they are interested in this deal, they will benefit from it and the great American Distribution and Manufacturing companies that are operating in South America, such as "Čikita", "Dol" and "Del Monte". olive tree farm
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