Shame: The EU’s ‘conscience payments’ to sugar; throwing good money after bad
Before starting an assessment of the key performance indicators for the Guyana sugar industry, two issues need to be addressed. Firstly, the determination of income transfers (benefits and losses) under the Sugar Protocol (SP) regime; and, secondly, the arrangement through which the European Union (EU) compensates Guyana for its denunciation of the SP.
Several readers have asked me to explain the mechanism through which the SP had generated income transfers (benefits/losses) for its participants. The explanation is straightforward. Let us take the case of Guyana: a …..To continue reading, login or subscribe now.