The Banana Accompanying Measures (BAM)

The Banana Accompanying Measures (BAM)

The Banana Accompanying Measures (BAM)

The Banana Accompanying Measures (BAM) are a support package for a number of banana-exporting countries from the African, Caribbean and Pacific (ACP) group of states. The objective is to facilitate these countries’ adjustment to a new trading environment.

A few key facts:

  • The BAM are designed to foster competitiveness and encourage diversification. They can also support activities addressing broader impacts of the adjustment.
  • They finance projects in Belize, Cameroon, Côte d’Ivoire, Dominica, Dominican Republic, Ghana, Jamaica, Saint Lucia, Saint Vincent and the Grenadines, and Suriname.
  • The total financial allocation for 2012-13 is €190 million.

Background & Objectives

In 2010 the Commission adopted the Banana Accompanying Measures (BAM), a support package for 10 banana-exporting countries from the African, Caribbean and Pacific (ACP) group of states.

The BAM proposal was part of the 2009 Geneva Agreement on Trade in Bananas, with which the EU concluded a deal with Latin American countries and the US, settling 15 years of banana disputes. The agreement also implied cuts in the tariff that the EU applies to bananas imported from Latin American countries.

The BAM (2012-2013) support 10 banana-exporting ACP countries  to facilitate their adjustment to this new trading environment, taking each country's specific situation into account. They focus on three goals:

  • boosting the banana sector's competitiveness;
  • promoting economic diversification;
  • addressing broader social, economic and environmental impacts.

On the basis of the level of trade in bananas with the EU, the importance of banana exports to the EU in the exporting economy, and the level of development, 10 banana-exporting ACP countries benefit from the BAM. These countries are Belize, Cameroon, Côte d'Ivoire, Dominica, Dominican Republic, Ghana, Jamaica, Saint Lucia, Saint Vincent and the Grenadines, and Suriname. Their adjustment processes differ depending on the importance of the banana sector and their ability to adapt.

The measures are country-specific. They are identified and prepared by ACP countries in coordination with the EU within wider agriculture and development strategies.

EU Regulation 1341/2011 amending Regulation (EC) 1905/2006 establishing a financing instrument for development cooperation  is the legal basis of the BAM strategy.

Funding

The Banana Accompanying Measures (BAM) are a support package for 10 banana-exporting countries from the African, Caribbean and Pacific (ACP) group of states.

EU Regulation 1341/2011 amending Regulation (EC) 1905/2006 establishing a financing instrument for development cooperation is the legal basis of the BAM strategy.

The total financial allocation for the period 2012-13 is €190 million.

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