Banana Trade Flashcards
1
Q
Imports,exports and consumers.
A
Consumers: Brazil, India and china
Exports: costa ria, Ecuador, Philippines, Colombia.
Imports: USA, china, Germany, japan, France.
2
Q
Banana trade:
A
- world trade is dominated by two groups of producers, ACP and dollar producers.
- developing countries export to AC for low value.
- Latin America and Caribbean export 80% of bananas globally.
- largest importers are in US and EU, consume 30%.
3
Q
Banana TNCs
A
- dominated by TNCs
- often own large plantations: dictate terms and prices to small growers who depend on TNCs to access to the market.
- control supply chains: from production to transportation and marketing.
4
Q
Trade wars:
A
- longest trade wars, lasted 20 years.
- started in 1975 when Eu countries negotiate. Trade agreement with former European colonies, whom were banana producers. (ACP counties)
- 1992: TNCs filed a complaint to the WTO that Eu was practicing unfair trade, 1997 the WTO agreed and ruled Eu to cease discrimination.
- dispute not resolved and lead to trade wars between USA and EU: USA imposed many sanctions on EU products
5
Q
Fair trade bananas
A
- fair trade aims to empower producers by promoting better trading conditions for farmers who have been disadvantaged
- ensures producers receive fair prices for their products: to help improve working conditions and invest in community.
6
Q
Environmental issues
A
- fertiliser, herbicides and pesticides: many chemicals
- plastic packaging: protects from insects: pollution
- carbon footprint: 2 tonnes of forests lost for every 1 tonne of bananas produced.
- shipment
7
Q
Social issues
A
-minimum wage and poor conditions: Ecuador $400 per month: below poverty line.
- child labour children as young as 8 found working on banana plantation in Honduras
8
Q
Economic issues
A
- trade wars
- companies choose how much money taking out of payment for chemicals etc.
- deliberate exploitation: wealthier countries get wealthier: exploit poorer.
