Thursday, April 18, 2024

Days numbered

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A MERE five per cent. That’s the extent of the tariff Government is prepared to levy on imported cement in the future.

Minister of Industry and Commerce Donville Inniss has made it clear that the days of a 60 per cent tariff to protect cement produced in Barbados by Arawak Cement Ltd are numbered.

Warning the local subsidiary of Trinidad Cement Limited (TCL) that it had to be prepared to “compete on a level playing field”, Inniss added: “Barbadians for years have been complaining about the cost of cement, and we have protected the Arawak Cement Co. Ltd and Trinidad Cement Limited for years. Those days are over.” (LK)

Please read the full story in today’s Daily Nation, or in the eNATION edition.

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