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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