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Monday, 08 April 2013

Dominican Republic, main exporter of bananas to EU

In 2012, the Dominican Republic exported about 300,000 tons of banana to the European Union nations, making it their main supplier, pointed out Ekaterina Krivonos from the Trading and Markets Division of the United Nations Organization for Food and Agriculture (FAO), during the "Towards the Development of a Sustainable Strategy for the Dominican Republic's Banana Market" workshop, hold in March 2013.
The workshop was part of a United Nations Program for the Dominican Republic, entitled "Strengthening the Banana Value Chain through the Growth of Inclusive Markets".
Dominican Republic's share in the export market for this item is quite important for a small country, Krivonos believes. In 2000, the Dominican Republic only exported 50 thousand tons of bananas to the EU, Krivonos said. However, according to Gero Vaagt, FAO's representative in the country, the Dominican Republic's banana sector is not very strong- it has a low productivity and weak producers' associations, which is why he suggested better coordination and cooperation between banana producers.

Compared to 2010, by 2011 banana’s global exports had increased by 7.7%. Approximately 80% of world exports come from Latin America and the Caribbean.
Since 1 January 2008, African, Caribbean and Pacific (ACP) banana suppliers, which have initialled an Economic Partnership Agreement (EPA), benefit from duty and quota free access to the EU market.
Source: dominicantoday.com

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