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Article: Trinidad & Tobago : TCL makes last stand against Caricom.
- Article from:
- TendersInfo
- Article date:
- August 13, 2009
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Byline: pinto03
Trinidad & Tobago's Trinidad Cement Limited (TCL) has suffered a major setback in its legal offensive against the Caribbean Community (Caricom) to recover lost revenue.
Last year, Caricom decided to suspend the 15% common external tariff (CET) charged on cement imports from non-Caricom manufacturers from September 2008 to September 2009, following a formal request from Jamaica.
On March 31 this year, TCL went to the Caribbean Court of Justice (CCJ) to challenge Caricom's decision.
The lawsuit also sought to annul the decision of the Council for Trade and Economic Development (COTED) to suspend the CET on cement ...