A stabilisation mechanism for bananas has been introduced by the Trade Agreement between the European Union and its Member States, of the one part, and Colombia and Peru, of the other part, which applies provisionally between the parties as regards Colombia and Peru from 1 August 2013 and from 1 March 2013 respectively.

According to this mechanism, and pursuant to Article 15(2) of Regulation (EU) No 19/2013, once a defined trigger volume is exceeded for imports of fresh bananas (heading 0803 90 10 of the European Union Combined Nomenclature) from Colombia or Peru, the Commission shall adopt an implementing act by which it may either temporarily suspend the preferential customs duty applied to imports of bananas from Colombia or Peru or determine that such suspension is not appropriate.

The decision of the Commission shall be taken in accordance with Article 8 of Regulation (EU) No 182/2011, in conjunction with Article 4 thereof.

In November 2014 it appeared that the imports into the Union of fresh bananas originating in Peru exceeded the threshold defined by the above Trade Agreement.

In this context, pursuant to Article 15(3) of Regulation (EU) No 19/2013, the Commission examined the impact of the imports concerned on the situation of the market for bananas of the European Union, taking into account, inter alia, the effect of the imports concerned on the Union price level, the development of imports from other sources as well as the overall stability of the Union market.

Imports of fresh bananas from Peru represented only 1,9 % of the total imports of fresh bananas into the Union in the period January-September 2014 (based on Eurostat).

Imports of fresh bananas from other traditional importing countries, notably Colombia, Costa Rica and Panama, remained largely below the thresholds defined for them in comparable stabilisation mechanisms, and they have been following the same trends and unit values in the past three years.

The average wholesale banana price on the Union market in October 2014 (0,98 EUR/kg) did not register notable changes compared to banana price averages for the previous months.

Furthermore, there is neither an indication that the stability of the Union market has been disturbed by the imports of fresh bananas from Peru in excess of the defined annual trigger import volume, nor that this had any significant impact on the situation of Union producers.

Finally, there is no threat of serious deterioration or a serious deterioration for producers in the outermost regions of the Union.

On the basis of the examination above, the Commission has concluded that the suspension of preferential customs duty on imports of bananas originating in Peru would not be appropriate. The Commission will continue to closely monitor banana imports from Peru,