07/03/2011 (Agence Europe) - Approval of Geneva agreement on banana trade. On Monday7 March, the Council of Ministers of the EU adopted without debate the regulation on the new Union trade regime for bananas (EUROPE 10308 on the favourable European Parliament opinion). The Geneva agreement on the banana trade stipulates that the Union will gradually reduce customs duties on banana exports from Latin America from the current €176/tonne to €114/tonne (the final duty is expected to be...