OtherPapers.com - Other Term Papers and Free Essays
Search

Banana Wars

Essay by   •  January 12, 2013  •  Essay  •  930 Words (4 Pages)  •  1,404 Views

Essay Preview: Banana Wars

Report this essay
Page 1 of 4

I. View point

The people behind the following organizations and countries are responsible for the problem: Word Trade Organization, European Union and lastly United States.

II. Time context

I choose to deal with the past time facts

* European Union's imposed tariffs and quotas on lands that were former colonies of the Europe.

* The new rules were profitable for the European Union's but it affected the US based companies on these countries (Latin America to be specific) One of the US based company asked the US government to file a law suit and they won the 2 lawsuits against the European Union's under the WTO.

* United States announced that they would impose a 100% tariffs on European goods, and this made EU manufacturers mad because they were suffering when the trade issue didn't even concerned them.

* April 1999: The WTO authorises the United States to impose up to 191.4 million dollars a year in sanctions against the EU over the banana issue.

* May 2000: The WTO allows Ecuador to impose penalties of up to 201.6 million dollars per year on EU products.

* April 2001: The banana dispute is suspended after an agreement by the EU to levy only import taxes, and not impose a quota on Latin America bananas. Three months later, the US lifts its sanctions against the EU.

* January 2005: The EU proposes a new banana tariff of 230 euros per tonne.

* August 2005: The WTO rules against the EU.

* September 2005: The EU revises its tariff proposal to 187 euros per tonne. It also launched a legal challenge at the WTO, arguing that the Latin American countries had not made any counter-offers, other than asking for tariffs to fall to zero. Therefore, it said there was no basis for a solution.

* -October 2005: The WTO rules against the EU.

* November 2006: Latin American countries complain anew to the WTO.

* April 2007: The WTO rules against the EU.

* June 2007: Following the collapse of the "Doha Round" of WTO trade talks, the US rejoins the conflict over EU banana tariffs.

* December 2009: After months of talks and a long mooted deal, the European Union and Latin American countries initial the Geneva Agreement on Trade in Bananas to settle their long running dispute. Under the deal, the EU agrees to pare down banana tariffs to 114 euros a tonne over a period of seven years, after an initial cut to 148 euros a tonne.

III. Objective

* To be able to address, settle and come up with agreements to end the dispute that's been happening between European Unions and United States by March of 2013.

* To enable the empowerment and sustainable development of the disadvantaged producers and workers in the affected countries by at least 10% by the end of March 2013.

IV. Statement of the problem

Major problem:

* The international dispute between European Union and United States that's affecting the economy and trade.

Minor problems:

* The 100% percent tariffs to be imposed on the 17 categories of European products.

* Many manufacturers were affected by the tariffs even if

...

...

Download as:   txt (5.9 Kb)   pdf (90.7 Kb)   docx (11.2 Kb)  
Continue for 3 more pages »
Only available on OtherPapers.com