Caribbean in regards to banana trade. The Eastern Caribbean, which has a banana industry that is highly beneficial for its economy, had an exclusive trade agreement with the European Union for their bananas, otherwise known as the EU-Caribbean Banana Agreement. This agreement exhibited preferential trade between the Caribbean countries and Europe. This agreement allowed the banana farmers of the Caribbean to be protected from other competition, such as Latin America, whose bananas were cheaper due to
The Dominican Republic is a Caribbean country also known as “Republica Dominicana” and two-thirds of the island of Hispaniola. Its shares the other one-third of its country with Haiti. Christopher Columbus discovered the island in 1492, and claimed it was a Spanish crown. (CIA.GOV). The Dominican Republic sits in the Caribbean Sea and is south of the Atlantic Ocean. It lies between the island of Puerto Rico and Cuba, and is mostly populated by people of European and African origin. The Dominican
is the most protected sector in industrial countries" (Mlachila, 2010). Agriculture continues to play an important role throughout the world, while in recent years, farmers have been negatively and positively affected by the trade agreements established by both the WTO and Fair Trade system; specifically the banana and coffee farmers. The government's role was to liberalize trade by reducing tariffs and they initiated this by introducing GATT (General Agreement on Trade and Tariffs). This was an
[pic] [pic] CASESTUDY: SOLOMON ISLANDS NAME: LIZZIE IMMACULATE. TEGU ID #: S11053489 Course Code: GE302 DUE DATE: week -13- 2011 Lecturer: Dr. Tamarisi Yabaki INTRODUCTION Agricultural sector was the most important sector for the economy. It accounts for approximately 30% of the GDP. Agricultural export is a major source of export earnings and it is the main source of employment and livelihood in the rural areas