Contact Us
Sign In / Sign Up for FREE
Go to advanced search...

Banana Trade - Essay Example

Comments (0) Cite this document
The report covers the banana trade wars which erupted between the United States and the European Union in 1993 and lasted eight years before an agreement for settlement was reached. This particular transatlantic trade dispute is of unique importance because neither of the parties involved either produces nor exports the crop in question…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91.7% of users find it useful
Banana Trade
Read TextPreview

Extract of sample "Banana Trade"

Download file to see previous pages The global banana trade is largely monopolized by three American and one British company and this, in itself, incited both policy and retaliatory policy. Indeed, as the report shows, trade policy is often influenced and shaped by a myriad of complicated factors and not necessarily by domestic economic interests.
As Ahearn (2001) explains, on January 1, 1993 the member states of the European Union created the Single European Market (SEM), at which time, a long list of customs, tariff, and non-tariff barriers were removed among the twelve European nations comprising the Union at the time. Many national laws and policies affecting trade were also removed and replaced with hundreds of new rules and regulations that were consistent in all member states. Among these new regulations was the CMO for bananas, which arose from a concern on the part of certain member states, most notably France and Britain to safeguard the position of banana producers in several small and fragile economies in Africa and the Caribbean that heavily rely on the production and export of bananas.
Although the U.S. neither produces nor exports bananas, US-based multinational corporations such as Chiquita Brands International, Inc. (Chiquita) and Dole Foods Inc. (Dole) operate mostly in Central and Latin American countries that were disadvantaged by the EU's banana import system.
In September 1994, the United States filed a format complaint under the General Agreement on Tariffs and Trade (GAIT). Despite repeated rulings under the GATT and later under the World Trade Organization (WTO) dispute settlement procedures in 1993 1994, 1997, and 1999 that the European banana import system was illegal under international trade law. The EU failed to make the CMO for bananas compliant with WTO rules. As a result, the WTO authorized the U.S. to impose retaliatory sanctions on $191 million worth of EU exports. The Clinton Administration began to impose 100 percent customs duties on selected European goods in March 1999 (Ahearn, 2001). It took another two yean before the EU and the U.S. eventually reached an agreement that included increased market access guarantees for Latin American producers and the establishment of a tariff-only system beginning in 2006.
3 Introduction
Although they involve only a small portion of the transatlantic trade economy a series of persistent trade disputes have caused much antipathy for the United States - European Union trade relationship. It took almost eight years for the dispute over the EU's single banana market regime, generally referred to as the Common Market Organization (CMO) for bananas to be finally resolved in April 2001.
The EU-US banana trade dispute emerges as an extremely interesting area of investigation for obvious reasons. The first is that neither the EU nor the US are banana growers or exporters, in which instance the trade in question ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Banana Trade Essay Example | Topics and Well Written Essays - 2250 words”, n.d.)
Banana Trade Essay Example | Topics and Well Written Essays - 2250 words. Retrieved from
(Banana Trade Essay Example | Topics and Well Written Essays - 2250 Words)
Banana Trade Essay Example | Topics and Well Written Essays - 2250 Words.
“Banana Trade Essay Example | Topics and Well Written Essays - 2250 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document


Banana supply chain Australia

... Banana supply chain in Australia Introduction International business entails the global market for products from all countries around the world. Many countries have ventured into carrying international business transactions and this is depicted through ways like outsourcing and also opening up of business branches in other countries. A good example of an international business venture is banana growing in Australia which has made the country gain a lot of revenue. This is basically what is going to be the main focus. Nature of the product and the supply chain Banana is the most consumed horticultural product in Australian market. This is supported by the fact that almost the whole population has a banana at least a day...
10 Pages(2500 words)Term Paper

Blood banana: Chiquita in Columbia

...from farming activities and focused on profitable and less nature dependent marketing and distribution activities. The company established a long-term relationship with independent banana growers who were to be their source of products. The idea was to avoid risks, including natural disasters, environmental and social problems. The company wanted to transfer every production cost to local producers. However, Chiquita was credited with transforming banana trade by packaging, labeling and transportation by use of refrigerated ships. Value chain Bananas are inexpensive perennial fruits that grow repeatedly from the same root system. However, they were the main products that...
5 Pages(1250 words)Research Paper

Green Banana

...PART An American college was on a trip in South America. As he was exploring the area in his jeep, the vehicle’s radiator sprung a leak,forcing him to stop at a nearby village. Much to his surprise, the villagers knew of a way to fix the leak. It turns out that when a green banana is sliced in half and pressed to the radiator, it forms a temporary seal. This solution allowed the American to drive to the nearest town where the radiator was fixed by a mechanic. While the professor was in the village, one of the natives commented on a high rock that rose in the distance. The native pointed it out to the American, explaining that the rock is the center of the world. The American professor was politely noncommittal. The mechanic who repaired...
2 Pages(500 words)Essay

Genes from Sweet Pepper Arm Banana

...Genes from Sweet Pepper Arm Banana Systemic acquired resistance (SAR) offers a distinct ability to plants to protect themselves against invading pathogens through a series of signal transduction mechanisms which are activated upon expression of genes linked to SAR. Scientists are now using the potential of such genes to bring about disease resistance in plants. This article recounts a breakthrough finding which involved the transfer of SAR genes from the green pepper plant in to banana to provide resistance against the destructive disease affecting the banana plant, Banana Xanthomonas Wilt (BXW). This disease has affected all varieties of the plant across the African peninsula and it causes withering of the leaves, premature ripening...
2 Pages(500 words)Essay

A banana

... A Banana Available throughout the year in tropical countries, bananas come in different varieties, shapes, and colors. Mistakenly referred to as a tree, bananas are the fruit of an herb that has grown from a rhizome, stretched through a thick stem, and developed flowers (“banana”). A banana’s variety of uses makes it one of the most valued crops in the world. The fruit’s nutritional value and relatively low price make it an attractive export product for countries in Southeast Asia, South America, and East Africa (Morton 37). This essay describes the taxonomy, characteristics, varieties, and food uses of banana. Bananas come from the “genus Musa of the family Musaceae” (“banana”), and the seedless, edible ones come from the “species M...
2 Pages(500 words)Essay

Plantain Vs Banana

... The Plantain Versus The Banana: Similar Physically and Different Economically Bananas and plantains are botanically different species of the fruit family. Many differences and similarities exist between the two fruits. The book Bananas and Plantains, by J.C. Robinson, outlines the major and subtle differences of each. Bananas and plantains originated from the same place and appear similar physically. However, the banana is sweeter and considered a fruit while the plantain is used as a vegetable. Linnaeus, the father of modern taxonomy, first classified the two fruits in 1783: “He gave the name Musa sapientium to all dessert bananas which are sweet when ripe and are eaten fresh. The name Musa paradisiaca was given to the plantain group...
2 Pages(500 words)Essay

Chikita Banana

... Chiquita Banana In its dealership, Chiquita is embroiled in a wide array of economic, social, political, environmental, andlegal issues. Since its inception as United Fruit Company, Chiquita has been engaged in a number of unethical business practices. These included payment of bribes to Latin American government officials to secure a preferential treatment, lobbying for a coup against unfriendly government, as well as backing dictatorial regimes in Central America’s “banana republics.” Other issues entailed exploiting employees while perpetuating an abusive monopoly to safeguard its market share, and remitting protection fees to terrorist organizations. Unethical Corporate Behaviors Conducted by Chiquita In pursuit of better business...
2 Pages(500 words)Essay


...Banana Garden Poetry Club Presented By Presented To Lecturer Banana Garden Poetry Club Gu Zhiqiong was the founder of the Banana Garden Poetry Club, although she is not listed formally as a member of the club. The freedom of expression and movement for women was once again constrained in the last quarter of the seventeenth century (Berge, 2008). Even with the restrictions, the Banana Garden Poetry Club members wrote poems to console their husbands, brothers and male relatives who had repeatedly failed exams. Husbands in elite families spent a big part of their lifetime on the road travelling, and that was the reason poems written by most Banana Garden Poetry Club members addressed absent relatives. In most cases, while men were travelling...
2 Pages(500 words)Essay

The Role of the World Trade Organization in Globalization

The protests according to the President of Mexico came from people who were either ignorant of the exact situation despite having a genuine concern and hence were swayed by emotions or by those who had become insecure in their jobs with globalization.
WTO claimed that the first charge was a misconception. It claimed that it opposed measures that use environmental protection as a guide for the protection of domestic industries against foreign competition and not to the measures to protect the environment as the allegations suggested. WTO debated that under its rules, environmental protection measures are prohibited only if those measures treat foreign producers more harshly than domestic producers. It was later found as seen i...
10 Pages(2500 words)Coursework

International Trade: Warsaw Convention 1929

From time immemorial, humans have always organized or segregated into different structures like countries, communities, organizations, etc. Among these different structures, the organizations and its employees undertake activities through which they produce products. After humans’ and machines’ role in producing products, transportation only comes into the picture and transfers the manufactured products to their destinations as a form of International Trade. So, International transport compliments International trade perfectly, and vice versa. This correlation between International transport and trade is governed by a set of rules and regulations, being followed consensually by most of the countries of the world. These...
7 Pages(1750 words)Term Paper

International Trade Theory

 Further to this, it is also believed that international trade can bring substantial economic welfare to the countries however still most of the countries do not view it as a favorable thing. Despite having a very promising and bright outlook, international trade has been largely viewed with suspension and it is because of this that governments impose barriers to restrict international trade. There can be many reasons behind this act of imposing restrictions or blocking international trade however there are also benefits on the other side too.

International trade has driven the attention of many of the brilliant minds in economics therefore the origins of the economic theory on international trade owe much to the c...
6 Pages(1500 words)Case Study

Air Pollution and Cardiovascular Disease: Bullish Business Long-Run Trade-Off

Increased concentrations of effluents in the air were found to have particularly been emitted from motor vehicle exhausts, industrial factories, and other burning or combustion activities of Australians (Bartnett et al. 2006). Practically, any engine that utilized fossil fuel is known to be emitters of these effluents in addition to other activities that require burning of materials as have been broadly argued by different concerned sectors for the minimization of its usage, as well, finding alternatives which could be biodegradable fuels.

Air is humankind’s natural source of respiratory Oxygen. Its preservation may have been openly disregarded so that the current generation has to face up to the maintenance of it...
12 Pages(3000 words)Term Paper

The Trade Union Movement in the UK

Before the ERA 1999, union membership and recognition in the UK were characterized by voluntarism, in which employers and employees could bargain over the terms and conditions of employment without any legal interference. With the statutory system ushered in by the new law, voluntary recognition of unions is no longer allowed and it becomes unlawful for British employers to deny recognition to unions under any circumstances. That conveys the impression that ERA created a radical change in British industrial relations. This paper takes the contrary view, however, and proposes that while the new industrial relations law looks revolutionary in principle, there are no fundamental changes in actuality for the change to qualify as &ldqu...
8 Pages(2000 words)Case Study

North Atlantic Free Trade Agreement - Is It Working

The result of the agreement was the world largest free trade area (Foreign Affairs and International Trade Canada). This means that all the barriers that hindered trade and investment within the three countries would be lifted. All the non-tariff agricultural barriers were removed that were once there between Mexico and the United States of America.

Their tariffs were decided to be removed within a period of time of 5 to 15 years. With Canada, all the agreements that were signed regarding trade and agriculture were included in this agreement (United States Department of Agriculture). In short, the three countries, after signing the agreement, we're able to buy, sell and invest in international markets and institutions...
10 Pages(2500 words)Report

Potential Benefits of International Trade

... Content Outline I. Introduction (a) Definition (b) Background II. The Reason Why Countries Take Part in International Trade (a) Major Commodities in Today’s International Trade and Economic Gains Arising From it (b) Reasons Compelling Countries to Place Restrictions in International Trade III. Conclusion I. Introduction (a) Definition The expression international trade refers to an exchange of commodities across boundaries of nations. Two major terms are used to describe international trade (that’s imports and exports). Imports are services and goods bought from other countries while exports are the services and goods sold to nations or individuals of foreign countries. (b) Background It’s estimated that the international business...
6 Pages(1500 words)Coursework

Macroeconomics and Trade Policys

Keynes argued that prices and wages do not determine the level of employment, as many classical economists suggested, but instead the level of aggregate demand for goods and services (Case & Fair 683). Keynes realized as well during the Great Depression that the government could intervene in the economy to attain specific employment and output goals by either increasing or decreasing taxes and government spending.

For example, raising taxes will decrease the disposable income of households and thus effectively decreasing consumption. When the government decreases consumption, the household demand for goods and services decreases thus it would only seem reasonable that the amount of output that the economy would also...
7 Pages(1750 words)Article

Comparison of the Political Orientation of Trade Unions

Austria or you may call is the Republic of Austria in official terminology is located in Central Europe. Although the population figures do not touch the danger limit but the talent and resources are worthwhile there. Germany and Hungry are also near this region. Italy is in the south of Austria. Switzerland will be seen in the west. So, now you can realize the importance of this region clearly.
The GDP is also impressive here. You can say the economy is strong and it has much depth. The strong social market economy is the result of development and proper management by the government (DArt & Turner 2008). Traders find flexibility in business operations. Labor has a positive approach to work and jobs.
There was a tren...
9 Pages(2250 words)Term Paper

Liberalized Trade and Export Orientated Policies in Agriculture

With liberalized trade and oriented policies in agri-commodities, it is the hope of many that the problem of hunger and poverty in developing states may be alleviated offering these countries an opportunity of feeding the entire population and defeating poverty (Hawkes, 2009). In the study, the researcher will evaluate how liberalized trade and export-oriented policies in agri-commodities offer LDCs the best prospects for tackling hunger and poverty with a particular focus on Kenya; a sub-Saharan developing country. The scope of the paper will include assessment of the problem in the country and evaluation of global regulation policies in relation to international trade and liberalization of international agriculture trade practic...
7 Pages(1750 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Banana Trade for FREE!

Contact Us