The anti-dumping and Subsidies Commission (ADSC) has made an affirmative final ruling in the Safeguard Investigation regarding imported building cement. The ADSC has recommended a definitive Safeguard measure in the amount of 25.83% duty on imported cement.
This ruling is not only significant to Carib Cement but has positive implications for the manufacturing sector in Jamaica.
Carib Cement’s General Manager, Anthony Haynes lauded the ADSC on its foresight and action in its application of the trade remedy provided for in the Safeguard Act. Mr. Haynes said that the company would continue to provide superior service to all its customers, as it retooled and prepared for borderless trading following the implementation of the Free Trade Area of the Americas (FTAA) in 2006.
Cordia Constable, Manager Legal and Corporate Services, noted that this ruling was historic as Carib Cement’s application was the first since the introduction of the Safeguard Act. She said that the action by the ADSC would give the Company the opportunity to continue improving its operations in its bid to reach world-class standard by 2006.