The USEU flip-flop War Chiquita Brands International Inc. is best k right offn as the world’s number one distributor of banana tree tree’s, which account for more than half of its gross revenue. For the knightly decade, Chiquita’s sales have dropped dramatically and the company is now on the enclosure of bankruptcy. Currently, Chiquita is trying to avoid filing for a Chapter 11 by attempting a major financial restructuring of their debt.
on that point are many an(prenominal) factors that have contributed to the company’s down(prenominal) spiral, alth ough all of these factors are linked to the trade barriers imposed by the European jointure on banana imports. The European alliance enacted import restrictions on banana’s in 1993, and undecomposed recently, is attempting to revise the sr. regime in order to obey with the World Trade Organization. The EU is preparing to introduce a tender import scheme dubbed “first-come first-served” which they believe will be a WTO compatible system. Chiquita filed a laws...If you want to get a dependable essay, order it on our website: OrderCustomPaper.com
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