Sugar in the Caribbean adjusting to eroding preferences
Sugar in the Caribbean: adjusting to eroding preferences

"Sugar exporters of the Caribbean depend on preferential sales of sugar to the European Union and United States at prices that are two to three times the world market price. Without these preferences, sugar export revenues would decline significantly. These preferences are likely to erode in th...

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Bibliographische Detailangaben
1. Verfasser: Mitchell, Donald O. (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: [Washington, D.C] World Bank 2006
Schriftenreihe:Policy research working paper 3802
Schlagworte:
Europäische Union. Mitgliedsstaaten
USA
Caribbean Area > Commerce > European Union countries
Caribbean Area > Commerce > United States
European Union countries > Commerce > Caribbean Area
United States > Commerce > Caribbean Area
Sugar trade > Caribbean Area
Tariff preferences > Caribbean Area
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Zusammenfassung:"Sugar exporters of the Caribbean depend on preferential sales of sugar to the European Union and United States at prices that are two to three times the world market price. Without these preferences, sugar export revenues would decline significantly. These preferences are likely to erode in the next several years as the sugar programs of both the European Union and the United States are under pressure to reform as part of already agreed international commitments, internal pressures, and the ongoing Doha Round of multilateral trade negotiations. The European Commission has already proposed reforms that would reduce internal sugar prices by 39 percent, directly affecting Caribbean sugar exporters. This presents a serious challenge to the sugar producers of the Caribbean who are mostly high-cost producers who will find it difficult to compete in the world market. St. Kitts & Nevis have recently announced plans to close their sugar industry and Trinidad & Tobago began a major restructuring program in 2003. Other sugar producers of the Caribbean will need to become more competitive by reducing costs and adding value to their sugar industries through cogeneration of energy and other activities. Those that cannot reduce costs sufficiently will need to diversify into other crops, such as fruits, vegetables, and meats, for the growing local demand, the tourist industry, or export. International assistance will be important to help countries with these adjustments and the European Union has already proposed an adjustment program. "--World Bank web site
Beschreibung:Includes bibliographical references. - Title from PDF file as viewed on 1/10/2006
Erscheinungsjahr in Vorlageform:[2006]
Weitere Ausgabe: Mitchell, Donald O: Sugar in the Caribbean
Beschreibung:1 Online-Ressource
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