New Geographical Indication in Costa Rica
The Costa Rican banana tree has been recognized as a Geographical Indication (GI) by the European Union (EU). GIs are included through an annex to the Association Agreement between Central America and the European Union (Acuerdo de Asociación entre Centroamérica y la Unión Europea [AACUE])
The recognition of this fruit tree as a GI is a link between the product and the country of origin linking it to a sustainable production process. Costa Rica is the only banana exporting country with such distinction. Costa Rica is one of the largest banana producers in the world with sales in 2014 of $ 903 million, of which $ 422 million was exported to the European Union.
Jorge Sauma, general manager of the National Banana Corporation (Corporación Bananera Nacional – Corbana), said that the geographical indication “Bananas of Costa Rica” will be “a tool for competitiveness that will differentiate the Costa Rican fruit” in the European market.