Banana producers plan to revive Latin American cartel

The Union of Banana Exporting Countries, which has been moribund since 2002, is being revived, according to Guillermo Salazar, Panama's minister for agricultural development.

Friday, July 18, 2008

The union, which consists of Latin American producers, was formed at the initiative of the late Panamanian leader Gen. Omar Torrijos in 1974.
The current member countries are Costa Rica, Colombia, Guatemala, Honduras, Nicaragua, Venezuela and Panama, and Ecuador has shown interest in joining, Salazar said.
The group aims to improve the terms of trade for Latin American bananas in international markets.



Market Intelligence

Everything about banana exports in Central America.

Top exporters - Quantities, amounts and prices.

more info

More on this topic

European Union Protects its Bananas

September 2016

In Europe an amendment has been approved to protect banana producing countries in the bloc from Latin American competition.

The commission voted to "automatically activate a safeguard clause" for bananas from European overseas territories, said the French lawmaker Younous Omarjee from the Socialist Party, in a statement.

Agreement Puts an End to "Banana War"

November 2012

The eleven Latin American countries involved signed the agreement ending twenty years of banana trade disputes with the European countries.

The so-called "banana war" between the European Union (EU) and several Latin American countries-including six Central American countries- officially came to an end on Thursday, with the signing of a trade agreement promoted by the World Trade Organization (WTO).

Agreement to Lower Banana Tariffs Approved

January 2011

The Trade Commission of the European Parliament approved the agreement reached by the EU and Latin American countries to lower tariffs on banana imports.

The agreement was signed by the EU, U.S., Ecuador, Colombia, Costa Rica, Panama, Guatemala, Honduras, Mexico, Nicaragua, Brazil, Peru and Venezuela, in late 2009.

Ministers to meet to discuss banana export strategies

July 2008

Agriculture ministers from Central America, Mexico, Brazil, Haiti and the Dominican Republic will meet in Panama Aug. 21-22 to discuss banana exports.

The meeting is an effort to reactivate the Union of Banana Exporting Countries and the creation of mechanisms of agricultural cooperation.

 close (x)

Receive more news about Agronomy

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


ATENAS: 13 HA, 1.5 KM from Highway 27, US$ 11/m2

Prime Lake Front Real Estate near San Jose, CR Now Available for Development, an extraordinary commercial real estate opportunity.
A lush 32 acre/13 hectare plot located just West of the...

Companies

Stock Indexes

(Jul 21)
Dow Jones
-0.21%
S&P 500
-0.09%
Nasdaq
-0.05%

Commodities

(Jul 21)
Brent Crude Oil
48.4
Coffee "C"
139.65
Gold
1,254
Silver
16.410