Thursday, April 18, 2024

Rock Hard CCJ decision in cement case

Date:

Share post:

IT’S ROCK HARD for the final win in the region’s cement war.

The Caribbean Court of Justice (CCJ) yesterday ruled that a decision made earlier this year by CARICOM’s Council of Trade and Economic Development (COTED) regarding what tariff imported by Rock Hard Cement should attract, was in good standing.

That means the Barbadian-owned Rock Hard Cement will now attract a Common External Tariff of no more than five per cent, a ruling that is sure to have an immediate, and telling effect on the region’s cement industry.

Yesterday’s decision on what tariff should be applied to Rock Hard products was another loss for plaintiffs the state of Trinidad and Tobago, and Trinidad Cement Limited (TCL), which had also lost in June when the CCJ had ruled in favour of Rock Hard, sticking with COTED’s classification of the Rock Hard product as Other Hydraulic Cement, and not Building Cement Grey. (BA)

Subscribe now to our eNATION edition for the full story.

For the latest stories and breaking news updates download the Nationnews apps for iOS and Android.

whatsapp-alerts-bloc

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related articles

Rihanna says fashion has helped her personal ‘rediscovery’ after having children

Rihanna has told the BBC that being able to wear fashionable clothes in public again after having two...

Court closed after bedbug found

THE OISTINS MAGISTRATES’ COURT has been closed after a bedbug was found in a chair inside the court...

Another appeal for ganja ease

GENERAL SECRETARY of the National Rastafari Registry Secretariat Trust, Paul “Ras Simba Akomba” Rock, is once more appealing...

Lewis Hamilton says he plans to race ‘well into’ his 40s

Lewis Hamilton says he will join his old rival Fernando Alonso in racing in Formula 1 "well into...