DG - Bannan Wars inequality CASE STUDY Flashcards
1
Q
What are the “banana wars”?
A
Six year trade quarrel between the US and the EU - the US complained that an EU scheme giving banana producers from former colonies in the Caribbean special access to European markets broke free trade rules
2
Q
How many of Europe’s bananas come from the Caribbean?
A
7%
3
Q
How much of the EU market is held by US multinationals?
A
Three quarters - the US itself does not export bananas to Europe