EU to Buy Up to 60 Tons of Sugar
Europe would admit up to 60,000 tons of Central American sugar, 5% of the deficit in its annual consumption.
Wednesday, March 18, 2009
In the last round of negotiations of the Association Agreement between Central America and Europe, it was agreed to open the market at 35,000 tons, but the Europeans have given in more in recent mini-rounds, according to an article in La Prensa Grafica of El Salvador: "According to negotiation sources, they have given in a little bit more during the mini-rounds. In the last round, the proposal went up 60,000 tons.
The sector, which was ready to export 10,000 tonnes of sugar to the European Union, must wait two more months to do so.
The new offer increases the quota for sugar from Central America that can enter the European Union without tariffs to 100,000 tons.
The Nicaraguan sugar industry expects that the entry into force of the Association Agreement will allow it export to the EU about 25 thousand tons of raw sugar, from the 60,000 quota for the entire region.
The country won't cede its sugar quota to Nicaragua and Honduras, and it opposes to Guatemala, El Salvador and Panama conceding theirs.
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