Manufactures pleased with suspension of cet on several items
GEORGETOWN, Guyana, Oct 10, CMC – The Guyana Manufacturing and Services Association (GMSA) Monday said it has been successful in its application for the suspension of import duties on raw materials under the Common External Tarriff (CET).
In a statement, GMSA that it had received support in its application to the Guyana-based Caribbean Community (CARICOM) Secretariat for the suspension from the Ministry of Foreign Affairs.
[gmsa] It said the single item rejected was Soya Bean Oil, based on an objection by a Barbados-based firm that it is producing the commodity.
“This fulfills the short term goals as reported previously by the GMSA.Manufactures pleased with suspension of cet on several items The long term goal of the Association is to work with the relevant agencies to have these ineligibles items along with many others removed from the list since many of them are no longer available in the region.”
GMSA said that manufacturing companies which were faced with the enforcement of import duties on raw materials that appeared on the list of ineligible items were granted suspensions through the CARICOM Secretariat.
The list of ineligible items was developed in the late 70s early 80s and was designed to protect the CARICOM region.
You may also be interested in:
Stakeholders Engage in Consultations to Strengthen National Youth Policy
The Department of Youth Development and Sports, through its Youth Unit, has commenced a four-day series of half-day closed stakeholder consultations aimed at strengthening the development and...
Regional Workshop Strengthens Caribbean Capacity on Genetic Resources
Regional policymakers, scientists, and biodiversity experts gathered from March 3-5, 2026, at The University of the West Indies (UWI), St.
Statement by Hon. Dr. Joyelle Clarke, Minister of Sustainable Development, Environment, Climate Action and Constituency Empowerment of Saint Kitts and Nevis| High-Level Segment, 16th Meeting of the Conference of Parties of the UN Convention on Biological Diversity| Cali, Colombia| 30 October 2024
"The fight for biodiversity cannot be disentangled from the climate crisis. This is why our commitment to the Kunming-Montreal Biodiversity Framework is especially critical and why Saint KittsRelated Stories
“If ever there was a time for regional solidarity, it is absolutely now” - Prime Minister Mottley tells CARICOM Heads Conference
Outgoing Chair of the Caribbean Community (CARICOM), Prime Minister Mia Mottley of Barbados, closed out her six-month tenure with a rallying cry for regional solidarity and action in the face of...
CET, Rules of Origin critical to viability, competitiveness of indigenous industries – Review Consultation hears
The protection of indigenous industries to ensure their viability and competitiveness on the global market and the harmonisation of rates across CARICOM were among the key concerns raised at a...