Industry, Investment and Commerce Minister, Karl Samuda, says his ministry is working on a plan to ensure cement imports do not threaten the financial viability of the Carib Cement Company.
He says a recent ruling by the Anti-Dumping and Subsidies Commission that while imported cement was being dumped on the market, they caused no material damage to the local industry, has opened the door for further imports.
Samuda says while he supports competition in the sector, the Government would not allow that competition to lead to the demise of the local cement industry.
He says the Ministry is working on a plan to contain cement imports within 15 and 20 per cent of demand.
However, Samuda has not provided details of the sanctions to be implemented.
He says he already has the support of local cement importers and would soon be holding talks with representatives of Carib Cement regarding the matter.
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