El Salvador’s highest court on Wednesday temporarily suspended the cancellation of a free trade agreement with Taiwan, after the nation’s sugar industry filed a request for an injunction, said Reuters.
El Salvador’s sugar chamber filed the request for the injunction, saying the decision made by President Salvador Sanchez Ceren in December to cancel the trade agreement put the sector’s property rights and legal security in jeopardy.
The government order would cancel the accord on March 15.The free trade agreement allows El Salvador an 80,000 ton, tariff-free quota to export sugar to Taiwan.
