Panama: $1.5 million for Banana Production
The government announced a contribution of $1.5 million to sustain banana production, commercialization and export.
Monday, July 27, 2009
Victor Manuel Pérez, Agricultural Development minister, made the announcement in a meeting with banana workers from the district of Barú.
After the establishment by law of the disolution of Coosemupar, reactivation of banana production will be undertaken in 1,700 hectares which will be rented by the former banana workers union.
The transnational wants to make an agreement for production with the owners of the 1,765 smallholdings in Baru which resulted from the liquidation of Coosemupar.
The Agriculture Ministry of Panama proposed the creation of a mixed public-private to run the banana plantations in Barú.
The name of the company that will invest in reactivating Coosemupar's banana plantations will be known before December.
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