Seafood, not bananas, heads Panamas earners

06 January 1999

Seafood, not bananas, heads Panama’s earners

THE Financial Times reports that seafood has overtaken bananas as Panamas main export commodity.

Banana exports were worth $98 million (£59m) in the first nine months of 1998,. but are being affected by the US trade wrangle with the European Union.

Panama is one of five banana-growing countries which, together with the USA, won a World Trade Organisation ruling against the European Unions preferential treatment of banana producers in former British and French colonies.

The issue is yet to be resolved and is affecting production.

See more