Del Monte multinational withdrew from negotiations for the operation of Port Armuelles Multiple Services Cooperative (COOSEMUPAR) due to protests by cooperative workers, who blocked the border crossing between Panama and Costa Rica.
In turn, according what was reported on the Pa-digital.com.pa website: "An investment in the order of $25 million is the proposal that was raised by the directors of COOSEMUPAR’s workers to the High Level Commission in order to lift the strike as of 2:30 a.m. yesterday."
The Government made a commitment to look for the funds requested by the cooperative's workers in order to boost banana production.
IPACOOP selected the offer of $54 million by Del Monte for the rental of 3 thousand hectares from the COOSEMUPAR banana company for 25 years.
With the decision of the Panamanian Autonomous Cooperative Institute (IPACOOP), negotiations for an agreement between cooperative COOSEMUPAR and Del Monte for the rental of the banana plantations will begin.
Both Chiquita and Del Monte are participating in the auction of 3,100 acres that were part of the former grounds of the now defunt Coosemupar
Both companies are in talks with the Government and former employees of Cooperativa de Servicios Múltiples de Puerto Armuelles. A report by Ana Giselle Rosas de Vallarino, executive director of the Panamanian Autonomous Cooperative (IPACOOP) has revealed that with the money from the auction, the government will have to pay $17 million as payment of the worker-employer fee and other debts to suppliers .