CARIBBEAN RUM PRODUCERS TO GET SAME DEAL AFTER BREXIT
Caribbean Rum producers have welcomed the signing of a trade deal between the Caribbean Forum of ACP States (CARIFORUM) and the United Kingdom. The deal, which was finalised in St. Lucia & will come into effect on the departure of the UK from the European Union and it seeks to mirror the benefits provided to the Caribbean in the region’s Economic Partnership Agreement with the EU.
According to Samaroo, “Our premium, high quality rums are the region’s leading export product and its largest export earner after minerals. The rum industry is also a significant employer in the region. The trade continuity agreement will contain key provisions that provide protection from artificially low value products from competing producers which benefit from government subsidies.”
He added, “As we strive to compete in a highly competitive global market, we present a value proposition based on authentic origin and provenance, and the tremendous diversity and rum heritage of our region’s countries. This agreement will help us to maintain a level playing field“.