The OECS Secretariat’s Trade Policy Unit (TPU) is facilitating talks among Eastern Caribbean member states to monitor cement trade in the region due to frequent shortages in supplies.
Virginia Paul, head of TPU, states that the Council for Trade and Economic Development (Coted) agreed that such a mechanism is required in order to ensure that consumers are adequately supplied by the regional manufacturer. “Cement is an important commodity used in construction and given the importance of the construction sector to economic development in the OECS, it was necessary for member states to agree on the data that would be required to monitor trade in cement within the region,” said Paul.
TPU has presented the OECS’ recommendations on how to keep track of supply and demand to Caribbean Community officials for consideration.
