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11 Cards in this Set
- Front
- Back
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The 2000 Cotonon trade agreement - For ACP bananas: provided a ______ tonne tariff-free quota. Latin American producers: faced a ___ euros/ tonne tariff for their banana export to the EU. |
ACP banana growers: a 775,000 tonne tariff-free quota Latin American producers: a 230 euros/ tonne tariff |
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Advantages for ACP producers |
The UK and France have close political, historical and economic ties with small countries in Africa, the Caribbean, and ACP which depend heavily on banana exports. So special trade agreements were adopted by the EU. |
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Advantages of Latin American producers |
Growing conditions in Latin America are more favourable and the scale of production is much greater, so relatively low costs. Free trade means that ACP growers could not compete + most would go out of businesses. |
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After the WTO's regulations, tariff was reduced to ___ euros per tonne, the WTO insists that the remained trade agreement remain unacceptable. By the end of 2008, the dispute was still unsolved. |
175 euros per tonne |
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1. WTO is run by the rich countries for the benefits of the rich / large multinational corporations. |
- Harming smaller countries which have less negotiation power. - It does not give significant weight to the problems of LEDCs. |
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2. WTO is indifferent to the impact of free trade on worker's right, child labour, the environment and health. |
In many countries, export-led success is built on the exploitation of women and girls |
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3. WTO forces governments to liberalise / privatise basic services that are vital for poverty reduction. |
... |
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4. Poor countries have been forced to open their markets and to a much greater extent than market openness in MEDCs. |
Though in the principle... WTO agreements contain special provision for developing countries, including longer time periods to implement agreements and commitments, measures to increase their trading opportunities and support to help them build their trade capacity, to handle disputes and to implement technical standards. |
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5. Rich countries spend ___ everyday on agricultural subsidies which encourage surplus production, much of which is damped on world markets, undermining small farmers in poor countries. |
$ 1 billion |
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LEDC face tariff barriers that are __ times higher than those encountered by MEDCs. These barriers cost LEDCs $___ billion a year- twice the amount they receive in aid. |
Tariff barriers are 4 times higher than those encountered by MEDCs. cost $100 billion per year |
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___ people worldwide are part of the Fairtrade project. |
2.5 million |
