Banana Trade Case Study Flashcards
Main global importers
USA/EU
Main global exporters
- Latin America
- ACP
What environmental issues does banana production cause?
- Shipping type used accounts for 5% of global emissions.
- Entire process produces large amounts of CO2 and waste
- Deforestation for plantations
- Fertilisers/Fungicides in the soil can contaminate water
What happened at the 1975 stage of the Banana Trade War?
European Economic Community - LOME convention: preferential tariff free quota to former EU colonies
What happened at the 1992 stage of the Banana Trade War?
European market formed. LOME integrated into a regulation. TNCs file a complaint against EU.
What happened at the 1999 stage of the Banana Trade War?
Clinton administration imposes sanction on EU
What happened at the Geneva 2009 stage of the Banana Trade War?
EU agrees to gradually reduce tariffs on Latin American bananas. $176/ tonne > $75
What inequalities were at play?
ACP countries have least power. TNCs pressurise government. Throughout WTO against protectionism.