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Guyana resist CET waiver

Published:Wednesday | April 23, 2008 | 3:13 PM

The Guyanese government is resisting the suspension on the Common External Tariff, on rice announced by the Jamaica government.

Commerce Minister, Karl Samuda said the 25 percent tariff on rice would be suspended to secure adequate supply of the product.

Mr. Samuda said this would allow the importation of 24,000 tonnes of rice from other countries over the next six months.

The Guyanese government said it would not approve the waiver, because it can meet Jamaica’s import requirements of 50,000 tonnes of rice.

On Monday, the Managing Director of the Jamaica Rice Milling Company, Derrick Nembhard said there was a shortage of rice from Guyana.

He said of the three expected shipments since the start of the current rice crop, only one has been received so far.