Bananarama II
A concise and well-written look at the ongoing Banana Saga.
QUOTE: Because large companies like Chiquita are able to advance their company’s
prospects at the world policy level, the implications for the small vulnerable
economies are ominous. The only possible solution to this problem is to
establish protective measures and exemptions through the WTO.____
QUOTE: One of the primary reasons that the Caribbean islands will soon experience
stepped-up suffering is because the U.S. allowed domestic electoral politics and
a dispute with the EU to influence trade policy.
The actors of this dispute did not even allow the Caribbean to enter the theater – much less onto
the stage. How is it possible that small farmers can compete with enormous private corporations? And why would the U.S. have caused such an international ruckus, considering that the Caribbean only constitutes one percent of banana trade worldwide?
Clearly, the U.S. legally got away with launching a unilateral attack on behalf of Chiquita against the EU’s trade policies – all under the guise of bringing its displeasure to a WTO dispute settlement panel.
Posted by YingYang at 10:18 AM
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