Search Results for: Caribbean

BY KEITH NUTHALL
THE EUROPEAN Commission has revised proposed banana tariffs for Latin American suppliers to Euro 187 a tonne, whilst maintaining a zero-duty quota for African, Caribbean and Pacific bananas of 775,000 per year. The Commission has also asked the World Trade Organisation to rule on whether its new plan complies with global commerce regulations.…

BY KEITH NUTHALL
THE EUROPEAN Commission has revised proposed banana tariffs for Latin American suppliers to Euro 187 a tonne, whilst maintaining a zero-duty quota for African, Caribbean and Pacific bananas of 775,000 per year.…

BY ALAN OSBORN
MORE than 20 years after an agreement was first proposed, a deal has been struck between the European Union (EU) and the United States over wine and both sides have acclaimed it. But has the EU given too much away?…

BY KEITH NUTHALL, in Philipsburg, Sint Maarten
A CARIBBEAN brewery claiming to manufacture the world’s only beer made from desalinated seawater will close, following a decision by its owners Antillean Brewery, which is 56% controlled by Heineken. Brewing a range of Amstel beers on the Netherlands Antilles island of Curaçao, the closure is likely to cost 55 employees their jobs.…

BY KEITH NUTHALL
THE LONG-RUNNING dispute at the World Trade Organisation (WTO) between Honduras and the Dominican Republic over the Caribbean island state’s cigarette import red tape and taxes appears to have been solved, with both sides agreeing to suspend ongoing arbitration.…

BY MATTHEW BRACE
FIGHTING money laundering is about getting your hands dirty. The Financial Action Task Force (FATF) may pronounce global standards that it would like jurisdictions to follow, but all governments need help, and often regional bodies are better placed to do the detailed work than more remote global organisations.…

BY KEITH NUTHALL
THE WORLD Trade Organisation dispute between Honduras and the Dominican Republic over the Caribbean island state’s cigarette import red tape and taxes has been formally solved. Both sides agreed its system should be liberalised by May 2007, dispensing with an arbitrator.…

BY KEITH NUTHALL
THE CARIBBEAN’S leading oil and gas producer Trinidad & Tobago says that an oil fund facility established for neighbouring small states is growing at US$4.1 million monthly. The money is transferred from the country’s oil revenues and is earmarked to help its Caribbean customers fight poverty while petroleum prices remain high.…

BY KEITH NUTHALL
AT least 12.3 million people are trapped in forced labour around the world, says the International Labour Organisation (ILO), with the overwhelming majority being in Asia. A new report said 9.5 million forced labourers were in Asia; 1.3 million in Latin America and the Caribbean; 660,000 in sub-Saharan Africa; 260,000 in the Middle East and North Africa; 360,000 in industrialised countries; and 210,000 in ‘transition’ countries, for instance in eastern Europe.…

BY KEITH NUTHALL
THE GLOBAL sugar industry will scrutinise the text of an appeal verdict issued yesterday (28-4) by the World Trade Organisation (WTO), confirming an earlier decision that European Union’s (EU) existing sugar subsidies break WTO rules. The European Commission has already accepted the decision, which is important, because it will on June 22 publish detailed reforms and EU agriculture Commissioner Mariann Fischer Boel has responded: “I will take account of this verdict when I finalise the reform proposals”.…