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US$198.0M worth of bananas produced in 2010; 303,000 tons sold abroad

Santo Domingo.- The country’s banana production totaled US$198.0 million in 2010 when it sold 303,000 tons abroad, 95% of which was exported to the European Union (EU).

EU ambassador Irene Horejs provided the figure yesterday and noted that the country’s banana sector benefits more than 300,000 people directly or directly.

In a statement, the diplomat said the United States, Japan and the Antilles acquire the other five percent of the local production of bananas. “The Dominican banana industry has exhibited an enormous dynamism in the last few decades.”

Quoted by the Corripio Communications Group, Horejs said Dominican Republic’s incorporation to the Lome IV Agreement gave the country preferential access to the European market, which she affirms has sparked a growth in exports from 2000 to 2010, at an annual average rate of 16%.

She added that the UE’s customs fee was 176 euros per ton of banana before the tariff was lifted, and is now 148 euros.

Source: Dominican Today

Category: DR News |

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Last updated October 20, 2016 at 7:03 PM
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