The T&T Manufacturers Association (TTMA) says recent trade measures for the cement industry bring several benefits to local sector.
Their comment comes on the heels of the announcement of an initial quota ceiling of 75,000 tonnes on building and hydraulic cements from January 1st 2021.
This measure has not been received well by at least one company which distributes cement in T&T.
In fact Rock Hard Cement is already stating that their prices will have to increase, due to these changes.
The Ministry of Trade also introduced a registration process for importers and distributors with its deadline in December last year.
TTMA believes the measures will balance demand, support local investment and avoid the impact of “unregulated imports” on the competitiveness of the domestic market.