Searchlight Logo
special_image

    • News
      • Front Page
      • News
      • Breaking News
      • Press Release
      • Features
      • Special Features
      • From the Courts
      • Sports
      • Regional / World
    • Opinions
      • Editorial
      • Our Readers’ Opinions
      • Bassy – Love Vine
      • Dr. Fraser- Point of View
      • R. Rose – Eye of the Needle
      • On Target
      • Dr Jozelle Miller
      • The World Around Us
      • Random Thoughts
    • Advice
      • Kitchen Corner
      • What’s on Fleek this week
      • Health Wise
      • Physician’s Weekly
      • Business Buzz
      • Hey Rosie!
      • Prime the pump
    • ePaper
    • Obituaries
      • In Memoriam / Acknowledgement
      • Tribute
    • Contact Us
      • Advertise With Us
      • Letters To The Editor
      • General Contact Information
      • Contact our Webmaster
    • About Us
      • Privacy Policy
      • Interactive Media Ltd
      • St. Vincent & the Grenadines
    • Subscribe
    • News
      • Front Page
      • News
      • Breaking News
      • Press Release
      • Features
      • Special Features
      • From the Courts
      • Sports
      • Regional / World
    • Opinions
      • Editorial
      • Our Readers’ Opinions
      • Bassy – Love Vine
      • Dr. Fraser- Point of View
      • R. Rose – Eye of the Needle
      • On Target
      • Dr Jozelle Miller
      • The World Around Us
      • Random Thoughts
    • Advice
      • Kitchen Corner
      • What’s on Fleek this week
      • Health Wise
      • Physician’s Weekly
      • Business Buzz
      • Hey Rosie!
      • Prime the pump
    • ePaper
    • Obituaries
      • In Memoriam / Acknowledgement
      • Tribute
    • Contact Us
      • Advertise With Us
      • Letters To The Editor
      • General Contact Information
      • Contact our Webmaster
    • About Us
      • Privacy Policy
      • Interactive Media Ltd
      • St. Vincent & the Grenadines
    • Subscribe
R. Rose
May 13, 2005

WTO Director General appoints 3 arbitrators in banana fight

World Trade Organization Director-General Supachai Panitchpakdi has appointed three arbitrators who will decide a critical aspect of a banana fight pitting Latin American producers against the European Union. The panel will decide whether an EU proposed tariff for bananas to be imposed in January 2006 provides market access at least as favourable as what these banana exporters enjoy now.{{more}}

Supachai appointed John Weekes, John Lockhart and Yasuahei Taniguchi to be the arbitrators in the case, according to a May 3 announcement. They are expected to make a decision within 90 days under terms of an agreement laying out the arbitration process.

Weekes, who is a former ambassador to the WTO for Canada and now an Attorney at Sidley Austin Brown and Wood, will serve as Chairman of the panel. Lockhart, an Australian, served as the Executive Director of the Asian Development Bank until 2002, and Taniguchi is a Professor at Tokyo Keizai University and a Lawyer.

The EU now regulates its banana trade with a combination of tariff-rate quotas and tariffs. Within their separate quantitative restraints, Latin American bananas face a tariff of 75 euros a ton while bananas from Africa, the Pacific and Caribbean (ACP) countries enter the EU market duty free.

The European Commission has proposed a tariff of 230 euros a ton on Latin American countries after Jan. 1 2006, and exporters from these countries are charging this would reduce their market access and thus violate the terms of the waiver WTO members granted for the EU-ACP partnership agreement. Several Latin American countries have said they could accept no tariff higher than 75 euros a ton under the new system.

The fight pits Brazil, Colombia, Costa Rica, Ecuador, Guatemala, Honduras, Nicaragua, Panama and Venezuela against the EU. Separately, ACP states have been calling for the EU to introduce an even higher tariff than the 230-euros a ton the commission has proposed.

The fight went to arbitration after the parties could not reach a negotiated agreement on what would be an acceptable tariff level. Formally, these negotiations over the new European tariff are being conducted under Article 28 of the General Agreement on Tariffs and Trade. They involve principal suppliers as well as the countries holding the original negotiating rights.

Latin American countries then requested arbitration on March 30 under terms laid out in an annex to the waiver allowing the EU-ACP partnership agreement. The two sides met on April 6 but failed to reach an agreement on the appointment of an arbitrator, which triggers a provision in the waiver calling on the WTO’s Director General to appoint arbitrators within 30 days of the arbitration request if the parties cannot agree on them.

In the fight over arbitration, the EU called for only one arbitrator while the Latin American countries called for a broader panel of five arbitrators. As a result, the appointment of three arbitrators seems to serve as a compromise between the two sides, according to sources.

The European Commission has said it wants to finish arbitration by Sept. 30 so it would have three months to get member state backing for the new tariffs it would impose on Jan. 1, 2006 (Inside U.S. Trade, March 4, p.1).

EU officials have said this timeframe can be met, but it will be difficult. The announcement of the arbitrators this week means a decision is likely by early August, when much of Europe is on holiday. However, if the arbitration panel finds against the EU and asks it to change its proposed tariff, the EU’s second proposal could also be challenged by the Latin American countries to the same arbitration panel under a shorter time frame.

A Chairman, one informed source said, can often dominate arbitration panels. However, this source said this is less likely to happen on a panel where the Chairman is not a member of the Appellate Body, and where the other two members are on the Appellate Body.

EU officials last week speaking at the International Banana Conference in Brussels said the final tariff on Latin American bananas will have to be higher than the current 75 euros per metric ton, and also said the tariff-only system was inevitable, according to a participant.

Karl Falkenberg, a senior EU trade official charged with EU trade with the ACP, said the commission does not see any other possibility than the tariff-only system. Another EU official told the conference that it makes sense that the final tariff will be higher than the current 75 euros since the value of licenses under which companies can sell bananas brought into the EU under quota must also be reflected in the final tariff, the source said.

  • FacebookComments
  • ALSO IN THE NEWS
    Duty-free barrel concessions begin today
    News
    Duty-free barrel concessions begin today
    Forrest 
    November 12, 2025
    The annual duty free concessions on imported barrels take effect from today, November 11, 2025. The concessions, announced on October 27, 2025 by Prim...
    Challenge launched against nomination of 2 NDP candidates
    Front Page
    Challenge launched against nomination of 2 NDP candidates
    Webmaster 
    November 11, 2025
    REGISTERED VOTERS in the Northern Grenadines Constituency, and in East Kingstown have written to the Returning Officers in those constituencies seekin...
    Candidates file nomination papers for November 27 polls
    Front Page
    Candidates file nomination papers for November 27 polls
    Webmaster 
    November 11, 2025
    CANDIDATES CONTESTING the November 27, 2025 general elections in St Vincent and the Grenadines (SVG) filed their nomination papers at designated point...
    Dr. Grace Walters fires back over contract
    Front Page
    Dr. Grace Walters fires back over contract
    Webmaster 
    November 11, 2025
    THE UNITY LABOUR PARTY’S (ULP) candidate for North Windward, Dr. Grace Walters has come to her own defense, after information on a consultancy contrac...
    Saint Lucian killed in Lowmans mountain
    Front Page
    Saint Lucian killed in Lowmans mountain
    Webmaster 
    November 11, 2025
    SEVERAL FARMERS FROM Lowmans Leeward have expressed outrage over a homicide that took place over the weekend in an area where many people are plying t...
    Makaila Kydd wins TVET public speaking
    Front Page
    Makaila Kydd wins TVET public speaking
    Webmaster 
    November 11, 2025
    THE GEORGETOWN Technical Institute (GTI), came out on top in a public speaking competition held on Thursday, November 6, 2025, as part of month-long a...
    News
    Duty-free barrel concessions begin today
    News
    Duty-free barrel concessions begin today
    Forrest 
    November 12, 2025
    The annual duty free concessions on imported barrels take effect from today, November 11, 2025. The concessions, announced on October 27, 2025 by Prim...
    Four charged, one pleads guilty to firearm offenses
    From the Courts, News
    Four charged, one pleads guilty to firearm offenses
    Webmaster 
    November 11, 2025
    FOUR MEN OF Paul’s Avenue and Layou were charged with being in possession of one pistol and 30 rounds of ammunition. Sharome Dopwell, Erel Hector, Dak...
    Bruce rubbishes ULP performance in South Central Windward
    News
    Bruce rubbishes ULP performance in South Central Windward
    Webmaster 
    November 11, 2025
    NEW DEMOCRATIC PARTY (NDP) candidate for the constituency of South Central Windward, Israel Bruce has knocked the Unity Labour Party (ULP) saying the ...
    NDP candidates turned off by blow horn noise
    News
    NDP candidates turned off by blow horn noise
    Webmaster 
    November 11, 2025
    THE LOUD SOUND coming from blow horns was too much for Vice President of the New Democratic Party (NDP) St Clair Leacock, when he approached the micro...
    People want change more than the Opposition – Dr. Friday
    News
    People want change more than the Opposition – Dr. Friday
    Webmaster 
    November 11, 2025
    LEADER of the New Democratic Party (NDP) Dr. Godwin Friday, said people are saying that it is the opposition politicians who are calling for political...

    E-EDITION
    ePaper
    google_play
    app_store
    Subscribe Now
    • Interactive Media Ltd. • P.O. Box 152 • Kingstown • St. Vincent and the Grenadines • Phone: 784-456-1558 © Copyright Interactive Media Ltd.. All rights reserved.
    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok