Trinidad and Tobago Suspends Cement Import Quota, Paving the Way for Increased Competition

The government of Trinidad and Tobago has suspended the cement import quota, a move that is expected to increase competition in the local cement industry.

Trinidad and Tobago Suspends Cement Import Quota, Paving the Way for Increased Competition
Photo by AXP Photography / Unsplash

The decision reflects a delicate balance between ensuring the availability of affordable cement for sustainable development and maintaining the viability of the local cement industry, which is a significant contributor to the country's economy and a major employer.

The suspension of the quota requirement is expected to have a significant impact on the cement industry in Trinidad and Tobago, paving the way for increased competition and market growth.

Source: BNN Breaking