Monique Grange, Assistant News Editor
The Gleaner/Power 106 News Centre
Minister of Industry, Investment and Commerce Anthony Hylton has responded to concerns raised by his opposition counterpart and the Caribbean Policy Research Institute (CAPRI) regarding the impending reopening of the scrap metal trade.
Opposition Spokesman on Industry, Gregory Mair believes the scrap metal trade is unsustainable and will inevitably fail as there is not enough scrap metal to meet the demand.
He wants Hylton to outline where he expects traders of non-industrial scrap to get material for export.
Mair said a feasibility study must be done to provide empirical data to prove that enough non-industrial scrap metal is available in the country.
However, the industry minister insists that scrap metal may be found everywhere.
He said he hopes Mair and the Jamaica Labour Party will support what he says is the proper administration of the industry.
Hylton also said the government is confident that the tighter regulations that will be implemented will ensure the sustainability of the industry.
Meanwhile, Hylton has also responded to CAPRIís concerns about the January date for the resumption of the trade.
He has sought to assure that all the activities to facilitate the resumption of the scrap metal trade will be completed by that time.
He reiterates that the scrap metal industry will be put under review after six months.
Meanwhile, the Scrap Metal Federation will be meeting with the Industry Minister, Anthony Hylton to discuss the terms and conditions that will govern the resumption of the trade.
President of the association, Jonathan Aarons, said as of yesterday the ministry had not formally communicated to his members its decision to resume the trade by the third week of next year.
However, he is hoping to get those details today along with the guidelines governing the trade when he meets with Hylton at his office today.
In November, the federation had complained that they were being excluded from the decision making process dealing with the resumption of the scrap metal trade.
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