March 18, 2000 |
Ecuador has received the go-ahead from the World Trade Organization to impose $201.6 million in annual sanctions against the European Union in their long-running banana dispute, diplomatic sources said. The South American nation had requested permission to impose sanctions of $450 million. Ecuador, the world's largest producer of bananas, pushed last year to impose the sanctions after a WTO ruling that the EU banana import policy discriminates against Latin American producers.
September 10, 1997 |
The European Union lost its appeal of a ruling by a World Trade Organization panel that the EU's banana-trade regulations violate international free trade agreements. While upholding findings in May of a WTO panel, the WTO Appellate Body also made some refinements in legal interpretation, U.S. Trade Representative Charlene Barshefsky said. The decision was a victory for Westlake Village-based Dole Food Co. and Cincinnati-based Chiquita Brands International Inc.
November 7, 1998 |
Dole Food Co. said its fiscal third-quarter earnings fell 36% as its banana business was hit by higher costs from El Nino storms and lower prices from Russia's economic collapse. Dole's net income fell to $15.6 million, or 26 cents a share, matching analyst estimates that were lowered last month after Dole warned that its results would fall short of forecasts by as much as 35%. Revenue rose 2.6% to $1.21 billion.
August 7, 1990 |
Bowing to an army occupation of the company town of La Lima and its sprawling plantations, Honduras' banana workers union accepted a government-proposed wage boost and returned to work Monday, ending a seven-week strike against a giant multinational fruit grower. The settlement Sunday night was a relief not only for Honduras' premier private employer, Chiquita Brands International, but also for the civilian government of President Rafael L.
December 20, 2000 |
European Union farm ministers approved a plan to revise their banana import system, hoping it will resolve a lengthy dispute with U.S. and Latin American producers and lead to the lifting of trade sanctions. The plan calls for the 15-nation EU to keep a transitional system of tariffs and quotas to allocate the quotas on a first-come, first-served basis as of April 1, until a tariff-only system takes effect in 2006.
June 8, 1989
Easy Pork Chop Saute can be made in just minutes and slices of sauteed bananas make it irresistible. Cooking bananas lightly in a hot skillet gives them an entirely new character. Combining with chops that were simmered in a curry powder, cumin and orange juice mixture, adds an exotic touch. Choose firm bananas with a hint of green at the tip for cooking. They will hold their texture and are not too sweet. Store ripe bananas in the refrigerator for a week or slightly more. The peels may darken, but inside, the fruit is good and fresh.
February 16, 2000 |
Oh, the unappealing tales that can slip through e-mail. Like the warning about bananas from Costa Rica allegedly infected with flesh-eating bacteria. When a secretary at UC Riverside's College of Natural and Agricultural Sciences got such a warning last week, she innocently forwarded the e-mail to some friends. And they passed it on to others, who passed it on. . . .
July 30, 1998 |
ABC television, which promotes its programs on TV, radio, billboards and buses, is going where no network has gone before--bananas. ABC, a unit of Walt Disney Co., said Wednesday that it plans to place advertising stickers on 15 million bananas in produce sections of grocery stores throughout America.
April 30, 1997 |
In a final ruling, the World Trade Organization on Tuesday upheld a U.S. complaint that the European Union's banana import system violates trade rules. The three-member WTO panel confirmed the rulings of a preliminary report and ordered the EU to change its import system, according to trade officials in Geneva who spoke on condition of anonymity. The ruling had been predicted, given the outcome of the preliminary report earlier this month.