Economy / Barbados
If you would like to subscribe to Caribbean Monitor and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Caribbean Monitor please click on the trial link below.
Land Reform Imminent?
September 2006 | Ratings UpdateSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
If you would like to subscribe to Caribbean Monitor and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Caribbean Monitor please click on the trial link below.
The government announced plans to restructure its sugar industry, which could potentially face a 36% reduction in sugar prices over the coming three years because of a change to EU's sugar protocol. In order to compensate for the price cut, the government will push for a new law that will increase the amount of land dedicated to sugar cultivation to 31,000 acres over the next 25 to 30 years. It is estimated that the government could lose up to US$50mn in foreign receipts over the course of the next eight years, if it fails restructure the sugar industry in