Honduras Handicapped by Lack of Tax Incentives

Guatemala and Nicaragua offer better incentives to banana producers than Honduras.

Friday, February 15, 2013

An article in Prensalibre.com reports that the president of the Honduran Banana Unions Coordinator, German Zepeda, said: "The tax benefits offered by Nicaragua, for example, have attracted not only the textile industry, but also transnational agricultural producers. '

The employer noted that "the south of Guatemala, where banana production has the highest amount of growth, also offers better advantages for growing than Honduras."

Bananas, which generate $ 400 million annually, are the second largest export for Honduras, which this year will see its foreign exchange earnings from coffee depleted by about $ 500 million because of the damages caused by rust on grain crops.

More on this topic

Chiquita Brands Wants to Return to Panama

June 2013

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 .

Guatemala: $13 million Losses in Banana Crops

October 2011

Heavy rains in plantations have been responsible for losses of up to 10% of banana crops.

The president of the Association of Independent Banana Producers in Guatemala said that plantations have been affected by floods and lack of sunlight. "All these conditions are also conducive to the emergence of strains of fungi, known as ‘tip rot’, ‘water spots’ and ‘ripe stains’."

Standard Fruit to Close Banana Plantations in Honduras

April 2010

The transnational corporation announced it will close 13 banana plantations in Central Coyoles.

Standard Fruit explained that these plantations are unprofitable and they are no longer sustainable. The company operated them since 1925.

1.400 direct jobs will be lost, as well as 700 indirect ones.

Panama: Banana Agreement with Fresh Del Monte

April 2009

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.

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