Summary
The EU in late 2005 cut sugar import prices by 36 percent, angering ACP nations, which criticized the EU for not offering proper compensation for the revenue fallout from the cuts. The Caribbean, which sells about half of its annual average production of about 600,000 tons to the EU, has said producing nations would lose about $100 million annually. The cuts, high production costs and the current uncertainties about where the centuries-old industry is headed with artificial sweeteners on the market have already forced St. Kitts and Trinidad to quit production. Authorities in St. Kitts are considering growing special cane varieties to generate electricity and to leave some standing fields for tourism purposes.
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Extract
Major Sugar Battle Between Eu and Acp
A major row is shaping up between the 79-nation African, Caribbean and Pacific (ACP) group of countries and the European Union ov...
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