NewsWhore
02-26-2007, 04:30 PM
The Caribbean region is proposing a 200,000-metric ton increase in its sugar sales to the European Union, and the Dominican Republic is hoping to get 100,000 tons of this new increase brought on by World Trade Organization (WTO) decisions on subsidies to European-produced sugar. Experts from the Caribbean Regional Negotiating Machinery estimate that the European sugar market will grow by three million tons over the next four years. According to Hoy, the ministers' meeting in Belize has opened the possibility of a re-launch of the Dominican sugar industry, since the country would also serve as a last resort source of sugar for countries that fail to meet their obligations. The new market is scheduled to open in January 2008.
More... (http://www.dr1.com/index.html#14)
More... (http://www.dr1.com/index.html#14)