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Nov 12, 2019

Establishing Greater Market Access for Belizean Produced Sugar in CARICOM

As it relates to CARICOM, some of Belize’s agricultural products have made their way into the regional market. But even as discussions are ongoing to introduce Belize Sugar Industries’ plantation white sugar into the Caribbean, it is not yet a done deal, posing tremendous challenges to A.S.R./B.S.I.  Minister of State for Investment, Trade and Commerce Tracy Panton says that the matter will be further ventilated at an upcoming meeting of COTED, the Council for Trade and Economic Development, which promotes trade and economic development of the Caribbean Community. Panton says that Belize plans to present a finding that supports the substitution of refined white sugar with the Belizean produced plantation white sugar.

 

Tracy Panton

Tracy Panton, Minister of State, Investment, Trade & Commerce

“We’ve had some challenges in terms of having our plantation white sugar be classified and can be a substitute for refined white sugar, sugars which are not produced in the region. So the meeting that is coming up is going to be critical as we look at the substitutionality of plantation white for refined white sugar. There was an independent report, commissioned by the Caribbean Development Bank, which suggest that the plantation white sugars can be substituted for some—not all products, but for most of what is produced in the Caribbean—and so we hope to make that case at COTED so that we can start having greater market access for Belizean produced sugar in CARICOM.”


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