banana wars Flashcards
1
Q
before the banana wars
A
EU negotiated trade agreements with 71 African, Caribbean and Pacific former European colonies. They were given special and differential treatment when supplying to EU to allow them to develop without European aid. (small farms)
2
Q
why did the banana wars start?
A
TNCs in latin america complained to the WTO about unfair trade
3
Q
what did the WTO do?
A
the WTO ruled against the EU and America put tariffs on cashmere and whiskey from the EU
4
Q
when was it resolved?
A
2009
5
Q
what happened to smaller banana farms after the banana wars?
A
$200 million pledged to help keep the business going after now receiving most bananas from TNCs
6
Q
how many bananas are imported from latin america
A
70%
7
Q
how many bananas are EU produced
A
11%
