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Panama approves leasing of farms to revive banana sector

Wednesday, October 11, 2017

Panama's Executive branch approved about 1$3.2 million for the signing of leases with an option to buy for 1,638 farms in the zone of Baru, in the west of the country, where a subsidiary of the multinational Del Monte will reactivate banana production.

"The government is seeking to revive the banana activity in Baru, so the leasing documents to the owners of these farms will be essential to activate the economy in these sectors," said Javier Marquinez, legal advisor to the Ministry of the Presidency.

Source: Fresh Plaza