Bananas

Question 1

Percentage of bananas produced for local or national consumption ?

Answer 1

80%

Question 2

Top 4 producers of bananas ?

Answer 2

India, China, Indonesia and Brazil - they are also the largest consumers.

Question 3

Main areas which produce bananas commercially ?

Answer 3

Latin America and Caribbean

Question 4

Who are the two groups which control world trade of bananas ?

Answer 4

ACP groups (Africa, Caribbean, Pacific), Latin America controlled by large TNCs

Question 5

Percentage of price paid which stays in the producing developing country ?

Answer 5

85%

Question 6

4 past dominating bananas TNCs ?

Answer 6

Chiquita, Dole, Del Monte, Fyffes

Question 7

What do these dominating TNCs have in common ?

Answer 7

Vertically integrated and they contract out plantations to other producers.

Question 8

How much of the market did they control in 2002 and then in 2017 ?

Answer 8

2002 - 70%
2017 - 45%

Question 9

What was the Lome Convention ?

Answer 9

1975 trade agreement between 71 ACP countries and the EU which allowed these countries to have special and differential treatment with tarriff-free imports to supply EU markets.

Question 10

Aim for Lome Convention ?

Answer 10

Enable these former European colonies to develop independently without having to use overseas aid and protect mainly smaller, family-run farms in the Caribbean and Africa from competition with large Latin American producers.

Question 11

Why did the US get upset with this agreement ?

Answer 11

At the time US TNCs were providing 75% of the EU market while only 7% were Caribbean. Despite this in 1992 the US filed a complaint to the WTO against unfair trade to which the WTO sided with the US ad rule had to cease.