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News Link • Economy - International

Broccoli Prices Could Go Up

• ibtimes.com
 

As political tensions continue between the two countries, President of Ecuador Rafael Correa, has been using the recent furor over Edward Snowden to pull out of trade agreements and is refusing to negotiate new terms on expired agreements.

The Andean Trade Promotion and Drug Eradication Act which expired on Wednesday night mean that U.S companies didn’t have to pay 14.9 percent on broccoli and 6.8 percent on cut flowers.

“It’s like frozen broccoli getting tied to the Pentagon Papers,” said Corey Henry, vice president of communications for the American Frozen Food Institute.

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