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What is Union of Banana Exporting Countries mean?
The Union of Banana Exporting Countries (Spanish: Unión de Países Exportadores de Banano or UPEB) was a cartel of Central and South American banana exporting countries established in 1974, inspired by OPEC. Its aim was to achieve better remuneration from the North American banana trade oligopoly, which consisted of three US companies. UPEB's proposal of an export tax was undermined by the U.S. oligopoly bribing Honduran and Italian officials. The UPEB cartel collapsed when bribes became public. What is referred to as the Bananagate scandal paved the way for the U.S. Congress to create the 1977 Foreign Corrupt Practices Act.
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|---|---|
| United Exchange Bank | Business |
| Universal Basic Education Commission (Nigeria) | Community |
| Universal Basic Education Commission | Community |
| Union of Banana Exporting Countries | Community |
| Ultimate Battery Eliminator Circuit | Electronics |
| Universal Battery Eliminator Circuit | General |
| Universal Battery Elimination Circuit | General |
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Posted on 03 Oct 2024, this text provides information on Miscellaneous in Community related to Community. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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