October 30, 2012
DEAL TO UNLOCK FRY EXPORT
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U.S. potato industry leaders estimate a free trade agreement with Panama that takes effect Oct. 31 should boost frozen fry exports to the Central American nation by at least $10 million, once fully implemented.
Under the new trade agreement, fresh potatoes will have a 750 metric ton duty-free quota, with an 83 percent tariff imposed on any excess volume. The quota will be expanded 2 percent per year, compounded in perpetuity.
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