Favorable Treatment for Sugar Sector Ends

As of March 15, the FTA between Taiwan and El Salvador will be null and void, a situation that will prevent the Central American country from selling 80,000 tons of sugar at favorable prices.

Monday, February 11, 2019

The Salvadoran government concluded the trade agreement with the Asian country in December last year, a decision that was not consulted with the country's productive sector and will affect sugar exports, as it will no longer have preferential treatment.

The decision is a surprise to the sugarcane growers, since in August 2018 the president of the Sugar Association of El Salvador, Mario Salaverría, reported that after holding a meeting with Luz Estrella Rodríguez, Economy Minister, they were assured that the government would not denounce the FTA with Taiwan.

You may be interested in "El Salvador says "Hello" to China"

Salaverría, told Laprensagrafica.com that "... The institutionality of the treaties has been totally infringed. This year it was planned to send 3,000 containers -80,000 tons to the island. With the aggravating factor that there are already contracts to deliver after March."

See "Sugar: Central America Exported $1.24 billion in 2017"

Luis Cardenal, president of the National Association of Private Enterprise, said "... They are unconsultative with the sectors affected. These are the reasons why the economy does not prosper. These are the actions that generate mistrust."

According to CentralAmericaData reports in 2017 the main exporter of raw sugar in Central America was Guatemala with $759 million, followed by El Salvador with $187 million, Nicaragua with $111 million, Costa Rica with $104 million, Honduras with $57 million and Panama with $23 million.

Interested in detailed data on Central America's agriculture industry?

Contact us:








this site is protected by reCAPTCHA and Google's privacy policy and terms of service.
Need assistance? Contact us
(506) 4001-6423


More on this topic

Sugar: Optimism for 2019-2020 Harvest

October 2019

In El Salvador, the union of sugarcane growers estimates that for the 2019-2020 harvest will be produced about 17 million quintals, a volume that would be 15% higher than that recorded in the previous cycle.

The Sugar Association of El Salvador projects that between the 2018-2019 and 2019-2020 harvests, 2.2 million more quintals will be harvested, going from 14.8 million to 17 million quintals.

Sugar: Export Quota to United Kingdom

July 2019

By signing the Association Agreement with the European country, Central America achieved an export quota of 56 thousand metric tons of sugar free of tariffs.

Days ago it was reported that the association agreement signed guarantees Central American countries that with the departure of the United Kingdom from the European Union, there will not be a legal vacuum that interrupts trade relations with that country, while maintaining tariff preferences and legal guarantees for companies exporting to the United Kingdom.

More Salvadoran Sugar in Asia

September 2017

Five Asian countries bought more between January and July of this year than was acquired in all of 2016.

The trade agreement between El Salvador and Taiwan, in force since 2008, has made it the gateway for Salvadoran sugar in Asia, according to the president of the Sugar Association of El Salvador (AAES), Mario Salaverría. 

Chinese Market Opens for Sugar from El Salvador

December 2014

After the withdrawal of the reservation lodged by El Salvador against China with the World Trade Organization, China has lowered tariffs and opened an import quota for sugar from the Central American country.

China currently consumes about 12 million tons of sugar, representing 15% of total sugar that moves around the world.

 close (x)

Receive more news about Agriculture & Food

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


Looking for Importers and distributors of furniture

Mexican manufacturer of office furniture seeks importers and distributors interested in dealing their products in Central America.
PM Steele is a 100% Mexican company, with more than 67...

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Apr 3)
Brent Crude Oil
35.86
Coffee "C"
116.10
Gold
1,638
Silver
14.525