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.

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