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Belize sugar farmers face $11M in lost Fair Trade premiums if they drop lawsuit against BSI, despite Prime Minister’s $1M offer.
A proposed settlement between Belize’s Sugar Farmers’ Association and BSI could cost farmers $11 million in unpaid Fair Trade premiums, as it requires dropping legal claims without compensation.
Prime Minister John Briceño offers $1 million in fertilizer and monthly support, but only if the lawsuit is abandoned.
The association’s attorney warns the deal provides no remedy for past losses and could allow future payment withholdings.
The High Court previously ruled farmers can sue multinational companies in Belizean courts.
While some leaders support the proposal, Vice Chairman Alfredo Ortega opposes it, citing long-term risks.
An emergency meeting is set for Sunday to discuss the terms.
Los productores de azúcar de Belice se enfrentan a $11 millones en pérdida de primas de Comercio Justo si abandonan la demanda contra BSI, a pesar de la oferta de $1 millón del primer ministro.