The note reviews the banana world trade, specifying the European Union (EU) consumes almost forty percent of the bananas in the world market; interestingly, Latin America, as the most efficient, lowest-cost grower, ships three, out of four bananas in world trade, but only a low percentage go to Europe. This is because import quotas in the EU, benefit inefficient, high cost growers of its protected ACP (Africa, Caribbean, and Pacific) countries. This...
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