Tuesday, June 5, 2012
Introducing...The Banana Wars
The
European Union, United States, and several Latin American countries
were involved in several trade disputes for over 16 years. All these
disputes revolved around the high tariffs for importing bananas to the
European Union. The EU doesn’t impose any duties on European colonies in
Africa, the Caribbean, and the Pacific because many of these countries
are former European colonies. The EU does charge duties on imports from
other countries. Tariffs were introduced in 1993 to replace trade
agreements of individual European countries. (bbc news) Several
countries have been affected by these tariffs including: the Dominican
Republic, Honduras, Cameroon, Belize, and Mexico.
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