Justice Adrian Saunders

LED RULING: Justice Adrian Saunders, president of the Caribbean Court of Justice.

Trinidad and Tobago Manufacturers’ Association (TTMA) is slamming a recent Caribbean Court of Justice (CCJ) ruling on tariffs.

The CCJ ruling to uphold the Council for Trade and Economic Development’s (COTED’s) decision that imported cement can be classified as “Other Hydraulic Cement” and not “Building Cement Grey” has jeopardised the local cement manufacturers’ competitiveness in the Caricom region, the TTMA said in a media release yesterday.

This ruling has essentially allowed a more advantageous classification for imported cement, with a tariff of 0-5 per cent applied to “Hydraulic Cement”. As opposed to the 15 per cent tariff applied to the “Building Cement Grey” classification, which the imported cement meets the specifications of, it added.

The ruling last week Tuesday settled the dispute as to whether Rock Hard Cement ought to be classified as “building cement (grey)” and be charged a Caricom tax of 15 per cent when imported into the region, or as “other hydraulic cement” in which case another levy would be payable.


The Central Bank reported yesterday that T&T’s energy sector experienced further setbacks in the second quarter, with natural gas production falling “primarily due to production curtailments at Atlantic LNG which is a major user of natural gas”.

MAJORITY State-owned telecommunications provider TSTT yesterday became the first company in …

Local astronomer and microbiologist Dr Shirin Haque is among the 2020 lau­re­ates in the An­tho­ny N Sab­ga Caribbean Awards for Ex­cel­lence. Haque was selected for the award in the field of Science and Technology.

REPUBLIC Financial Holdings Ltd has agreed to pay the Scotiabank US$120 million to acquire 100 per cent of the Canadian bank’s operations in the British Virgin Islands.

HIGH COURT Justice Kevin Ramcharan, in September 2019, aborted an attempt by CL Financial subsidiary, Home Construction Ltd (HCL), to sell two highly coveted pieces of prime commercial real estate, following an objection to the lack of transparency and the failure to properly advertise the properties in the initial sales process by one of CL Financial’s joint liquidators, David Holukoff of the accounting firm, Grant Thornton.