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Sugar in the Caribbean : Adjusting to Eroding Preferences

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dc.contributor.author Mitchell, Donald
dc.date.accessioned 2012-06-22T19:16:43Z
dc.date.available 2012-06-22T19:16:43Z
dc.date.issued 2006-01
dc.identifier.uri http://hdl.handle.net/10986/8826
dc.description.abstract 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. en
dc.language English
dc.publisher World Bank, Washington, DC
dc.relation.ispartofseries Policy Research Working Paper; No. 3802
dc.rights CC BY 3.0 IGO
dc.rights.uri http://creativecommons.org/licenses/by/3.0/igo/
dc.subject AGRICULTURE
dc.subject SUGAR INDUSTRY
dc.subject MOLASSES
dc.subject BEET SUGAR
dc.subject POULTRY
dc.subject FERTILIZER
dc.subject VEGETABLES
dc.subject CORN
dc.subject PRODUCERS
dc.subject COMMERCIAL USES
dc.subject LETTUCE
dc.subject CANE SUGAR
dc.subject TRINIDAD AND TOBAGO
dc.subject COST DIFFERENCES
dc.subject YIELDS
dc.subject FOOD IMPORTS
dc.subject FARMERS
dc.subject ENVIRONMENTAL BENEFITS
dc.subject SWEETENERS
dc.subject SUGAR REFINING
dc.subject CLIMATIC CONDITIONS
dc.subject BEET
dc.subject CROP VARIETIES
dc.subject LABOR COSTS
dc.subject LABOR FORCE
dc.subject CUTTING
dc.subject INTERNATIONAL ASSISTANCE
dc.subject AGRICULTURAL SECTOR
dc.subject CROPS
dc.subject REPLANTING
dc.subject AGRICULTURAL PRODUCTS
dc.subject SUGAR TRADE
dc.subject SUGAR FACTORIES
dc.subject BIOMASS
dc.subject SUGAR CANE
dc.subject EXPORTS
dc.subject FARMER
dc.subject SUGAR
dc.subject SUGAR PRICES
dc.subject FERTILIZERS
dc.subject PRODUCTION ACTIVITIES
dc.subject CROP
dc.subject SUGAR BEETS
dc.subject COMMODITY
dc.subject FARM
dc.subject FRUITS
dc.subject CROPLAND
dc.subject TAXATION
dc.subject IMPORTS
dc.subject SYRUP
dc.subject ETHANOL
dc.subject PRODUCTION COSTS
dc.subject TOMATOES
dc.subject FLOOR PRICE
dc.subject COMPETITIVENESS
dc.subject PRODUCE
dc.subject CARROTS
dc.title Sugar in the Caribbean : Adjusting to Eroding Preferences en
dc.rights.holder World Bank


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