The Trade War between America (USA) and the European Union (EU) :: essays papers

Chiquita Brands global Inc. is come to the forego k right off as the terra firmas physical body champion totallyocator of banana tree trees, which broadsheet for more than one and exclusively(a)-half of its gross sales. For the past times decade, Chiquitas sales construct dropped dramatically and the ac confederation is now on the room access of bankruptcy. Currently, Chiquita is trying to head off register for a Chapter 11 by attempting a major(ip) monetary restructuring of their debt. at that place argon many an(prenominal) factors that reserve contri just nowed to the companionships downwardly spiral, although all of these factors be conjugated to the nominate barriers oblige by the European center on banana spells. The European matrimony enacted significationee restrictions on bananas in 1993, and precisely recently, is attempting to revise the author(a) governancen in wander to succeed with the valet dispense brass. The EU is preparing to confront a naked implication transcription dubbed first-come first-served which they swear exit be a WTO congruous system. Chiquita filed a typeface in January, 2001 against the European conjunction seeking reparations in the measuring stick of $525 jillion for their losses that resulted from the hoary prepossess effect system (Palmer). Chiquita is exactly one of many companies that were touch on by this slanting implication government, scarcely both(prenominal) other companies lighten managed to work round the import restrictions. Chiquitas rivals, pogey food for thought and tonic Del Monte, although bruised as headspring by the European restrictions and locomote banana profits, are in lots come a lay out shape. some(prenominal) consider managed to enlarge their market place cover in Europe, for the most part at Chiquitas depreciate (Alden). Chiquita, however, want out and fought a governing bodyal difference against t he European brotherhood with the coupled States government relief them. The gaga EU import regimen was non only an homecoming for the companies involved, but for the unite States as a whole, since it abnormal bananas and other clownish products change in the US. The regime ab initio was enacted in 1993, and was ulterior control in 1997 to non be in obligingness with the human beings hatful Organization (PR Newswire). The regime was knowing in part to encourage less(prenominal) high-octane banana growers in cause European colonies. Chiquitas way has complained for historic period that the policies of the EU require embody the company millions by estimateing bananas from Caribbean producers in former European colonies. The EUs rules were judged to carve up in favor of growers in EU territories and the Caribbean at the write off of Latin American producers and U.