You are a member of a World Trade Organization task force that is reviewing the nine-year banana conflict between the United States and the European Union. The European Union was giving preferential treatment to banana exporters from Africa, the Caribbean, and the Pacific Island nations. But the United States challenged what it saw as unfair trading practices and the World Trade Organization agreed. The US action gained support from global fruit companies Dole, Chiquita, and Del Monte, which account for nearly two-thirds of the fruit traded worldwide. The European Union argued it was supporting struggling economies for which bananas make up a large portion of their income. 1.) Should international trade be left to private enterprise only, or should governments openly manage it to benefit poorer nations? 2.) Would you have argued on behalf of the United States or the European Union? Explain. 3.) What are the pros and cons of each side's arguments?
You are a member of a World Trade Organization task force that is reviewing the nine-year banana conflict between the United States and the European Union. The European Union was giving preferential treatment to banana exporters from Africa, the Caribbean, and the Pacific Island nations. But the United States challenged what it saw as unfair trading practices and the World Trade Organization agreed. The US action gained support from global fruit companies Dole, Chiquita, and Del Monte, which account for nearly two-thirds of the fruit traded worldwide. The European Union argued it was supporting struggling economies for which bananas make up a large portion of their income. 1.) Should international trade be left to private enterprise only, or should governments openly manage it to benefit poorer nations? 2.) Would you have argued on behalf of the United States or the European Union? Explain. 3.) What are the pros and cons of each side's arguments?
Chapter35: International Trade Restrictions
Section: Chapter Questions
Problem 3E
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Transcribed Image Text:You are a member of a World Trade Organization task force that is reviewing the nine-year banana conflict between the
United States and the European Union. The European Union was giving preferential treatment to banana exporters from
Africa, the Caribbean, and the Pacific Island nations. But the United States challenged what it saw as unfair trading
practices and the World Trade Organization agreed. The US action gained support from global fruit companies Dole,
Chiquita, and Del Monte, which account for nearly two-thirds of the fruit traded worldwide. The European Union argued
it was supporting struggling economies for which bananas make up a large portion of their income.
1.) Should international trade be left to private enterprise only, or should governments openly manage it to benefit
poorer nations?
2.) Would you have argued on behalf of the United States or the European Union? Explain.
3.) What are the pros and cons of each side's arguments?
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