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Nicaraguan coffee embargo lifted.

Nicaraguan coffee embargo lifted

As a result of recent elections in Managua, Nicaragua and better relations between the U.S. and the new Nicaraguan government, the White House on March 13, 1990 released an Executive Order terminating the state of emergency with respect to Nicaragua, which has major implications to the Nicaraguan coffee industry.

The President's Executive Order releases the previously imposed trade embargo and, therefore, the ban on the country's exportation of coffee.

The Presidential Executive Order read as follows:

"I, GEORGE BUSH, President of the United States of America, find that the February 25, 1990, democratic election in Nicaragua has ended the unusual and extraordinary threat to the national security and foreign policy of the United States previously posed by the policies and actions of the Sandinista government in that country, and the need to continue the national emergency declared in Executive Order No. 12513 of May 1, 1985, to deal with that threat.

I hereby revoke Executive Order No. 12513 and terminate the national emergency declared in that order with respect to Nicaragua."

President Bush has requested over $300 million be appropriated by the U.S. Congress for Nicaragua, mainly in economic assistance. In addition the President is taking steps necessary to restore Nicaragua's sugar quota and to assist the government of Nicaragua to become eligible for preferential treatment under the Generalized System of Preferences and Caribbean Basin initiative, as well as the facilities offered by the Export-Import Bank and the Overseas Private Investment Corporation.

By lifting "all economic sanctions" against Nicaragua, the President has opened up Nicaragua's potential to export coffee to the United States. According to the U.S. State Department, Nicaragua's coffee exports were $89.7 million in 1989. Most of the country's coffee has been traditionally exported and sold in Europe, even prior to the U.S. trade embargo.

John Chwat, who is a partner in Chwat/Weigend Associates, a Washington, D.C.,-based government and public relations firm.
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Author:Chwat, John
Publication:Tea & Coffee Trade Journal
Date:May 1, 1990
Words:326
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