Tuesday, June 5, 2012

Conclusion

The banana wars started in 1993 when the first Europe-wide tariff to non-ACP countries was introduced. Latin American countries complained to the WTO many times until the tariffs were finally removed. Eighty percent of trade is made by five major corporations with long hours, and low wages. Bananas grown in Latin American countries are sold mostly to the United States, while bananas grown in the Caribbean are sold to Europe. Bananas are the second most important traded fruit in the world. Bananas are so important that they have literally started wars.

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