Forthcoming Changes in the EU Banana/Sugar Markets :

Preferential access under the EU’s Sugar and Banana Protocols has afforded large income transfers to a number of ACP countries. These transfers will be reduced under proposed reforms to the EU’s sugar and banana markets which have had to respond to a number of internal and external pressures (e.g. CAP reform, challenges in the WTO). Although reducing preferences for banana and sugar exports from these Protocol countries will have beneficial effects on development and poverty reduction in other major producing countries which are not party to these agreements, losses for some Caribbean ACP countries will be significant relative to external income.