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Caricom: Contrasting responses to the sugar crisis

2014-02-10 07:48:31| Sugar Industry News

As indicated previously, several analysts view the EC\'s legal denunciation of the Sugar Protocol (SP) in 2009 as the final nail in the coffin of Guyana and the rest of Caricom\'s sugar industry. That event has been held mainly, if not solely responsible for today\'s crisis in the region\'s sugar industry. As the EC\'s intention to abandon the SP became more and more apparent, the rest of Caricom strategically opted to terminate sugar production as it had evolved up to then. Contrarily, Guyana decided to continue its...

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