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Sugar Association of the Caribbean Commends Belize for Taking Sugar Trade Issue CCJ

The Sugar Association of the Caribbean (SAC) has commended the Government of Belize for going to the Caribbean Court of Justice to address the matter surrounding the Common External Tariff on brown sugar exported to Trinidad and Tobago. The SAC issued a release yesterday saying that they could appreciate Belize’s decision to not push for compensation as the matter should be more about lost opportunities than financial rewards. According to the SAC they have been pointing out this issue for the past three years, indicating that the value and demand of the CARICOM market for regional sugar producers have been significantly diluted. Lawyers representing the Government of Belize provided evidence of more than 4000 metric tons of sugar imported without any record of CET being paid. This evidence was underscored by a dramatic fall off in prices for brown sugar during the same period. Love News understands that the importation of brown sugar into Trinidad and Tobago by a producer other than a CARICOM state is in contravention of the Revised Treaty of Chaguaramas (RTC). According to the SAC, the protection of the brown sugar market as set out in the RTC is one small contribution to maintaining this industry’s viability and one that SAC believes should be strictly maintained and enforced.