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    Latin American Ship with 42,000 Tons of Sugar Bound for Europe

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    The Costa Rica News (TCRN) – The first shipment of sugar sold under the Association Agreement between Central America and the European Union (EU) departed today from the Nicaraguan port of Corinto, which is on the Pacific, bound for Romania.

    According to the National Committee of Sugar Producers (CNPA), this first shipment of sugar, 42,000 tons, is the result of an auction conducted in last September. The cargo was valued at $19.8 million.

    The Association Agreement established an export quota for this year of some 62,000 metric tons of Latin American sugar.

    For next year, Nicaragua has the right to sell 21,681 metric tons of sugar, Guatemala has 65,000, El Salvador has 24,391, Honduras has 19,464, Costa Rica has 19,464 and Panama has 12,000 tons.

    The Association Agreement entered into force on August 1st for Honduras, Nicaragua and Panama, and on October 1st for Costa Rica and El Salvador. Guatemala, which the only country that does not currently have a treaty in place, is finalizing the procedures to apply next November. (EFE)

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