Banana Trade Case Study Flashcards

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1
Q

Main global importers

A

USA/EU

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2
Q

Main global exporters

A
  • Latin America

- ACP

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3
Q

What environmental issues does banana production cause?

A
  • 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
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4
Q

What happened at the 1975 stage of the Banana Trade War?

A

European Economic Community - LOME convention: preferential tariff free quota to former EU colonies

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5
Q

What happened at the 1992 stage of the Banana Trade War?

A

European market formed. LOME integrated into a regulation. TNCs file a complaint against EU.

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6
Q

What happened at the 1999 stage of the Banana Trade War?

A

Clinton administration imposes sanction on EU

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7
Q

What happened at the Geneva 2009 stage of the Banana Trade War?

A

EU agrees to gradually reduce tariffs on Latin American bananas. $176/ tonne > $75

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8
Q

What inequalities were at play?

A

ACP countries have least power. TNCs pressurise government. Throughout WTO against protectionism.

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