Foreigners were not authorized to possess the vast tracts of land they farmed in Honduras, the American banana corporations were never permitted to do so. Although they had a long-term agreement to use the land for growing and exporting bananas, the tax on each box of exported bananas was at least $1.00.
What is meany by import?
Import is the process of bringing the goods from the foreign countries or from the other country to the home country. The reason of doing imports of goods is to fulfill the demand of the goods in the domestic country, resource that are not enough in the country.
Any good that is created abroad and then imported into another nation is an import. For instance, if a Belgian company manufactures chocolate and sells it in the US, that would be considered an import from the American point of view.
Thus, Foreigners were not authorized to possess the vast tracts of land they farmed in Honduras.
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