The Sugar Association of the Caribbean (SAC) has reaffirmed its plans to supply the needs of the entire CARICOM market for both brown and white sugar.
According to an SAC press release, the Association engaged with the Ministers at the CARICOM Council for Trade and Economic Development (COTED) meeting held in early November to sensitise them on this issue.
The release stated that regional producers requested of CARICOM a uniform application of the 40% Common External Tariff on all imported sweeteners as all other regional markets protect their sugar industries through application of an import tariff, which permits their industries to survive.
