The success of Belize’s sale of brown sugar in the CARICOM market is looking bright. The Country Manager of Belize Sugar Industries Limited (BSI), Mac McLachlan, explains that this upward trajectory is due in part to the Caribbean Court of Justice(CCJ) claim that Belize made against Trinidad and Tobago. Belize claimed that Trinidad and Tobago had failed to apply the forty percent Common External Tariff (CET) on extra-regional brown sugar that was imported from Guatemala and Honduras for almost two years. Belize argued that this negatively impacted the prices and sales of sugar produced by BSI. However, Trinidad and Tobago argued that this was not the case and the claim was dismissed by the CCJ after citing severe shortcomings in Belize’s evidence. But, McLachlan says since then, CARICOM members have refrained from purchasing brown sugar from extra-regional sources which caused BSI sales to soar.
Get the latest updates at LoveFM.com and be sure to follow us online:
Instagram
[ Ссылка ]
Facebook
[ Ссылка ]
Twitter
[ Ссылка ]
TikTok
[ Ссылка ]
#Belize #News #LoveFMBelize
