Costa Rica aims to revive banana producers' cartel

Costa Rica will lead a process to evaluate if the countries that were part of the Union of Banana Exporting Countries (UPEB) are interested in reviving the organization, created in 1974.

Tania López Lee, vice minister of agriculture and livestock, said that Costa Rica obtained the approval of other Central American countries to organize talks to revive UPEB and to incorporate Ecuador as a new member.

Past UPEB member countries included Guatemala, Honduras, Nicaragua, Costa Rica, Panama, Colombia and Venezuela. Ecuador, the world’s largest banana exporter, has confirmed interest in joining the organization.

Source: Tico Times