Frustrated Businessman aka Republic my ass responded to the following comment by Enuff:-
Enuff May 20, 2016 at 10:02 AM
How much forex Rock Hard Cement using up and what’s the cost-benefit scenario? Is RHC wholly or partially manufactured in Barbados, and if not, will it meet the Caricom rules of origin for non-tariffs? If RHC is deemed to be an external good will it be able to compete with Arawak regionally? Will the company earn more Forex than arawak even if the repatriation of arawak earnings is considered? Multiplier effect/defect? #justasking.
That is all irrelevant.
Mark Maloney (MM) managed to get his DLP yard-dogs to remove the Arawak manufacturers’-protection import levies for cement. This was a secret deal between MM and government; no publicity, no consultancy, no association lobbying. One day it was there, the next it was gone. This has never happened in the 30 years I’ve been in business, usually the lobbying by local groups for similar consideration (application or removal of duties) takes years and accomplishes nothing, but not in this case. Very similar to the duty-free deal to operate Bushy Park as a profit-making private company rather than the National Home for Motor Sport as it was intended to be. Seeing a MOF trend yet?
Cement was imported from Portugal by Hardrock and sold from the flour mill compound (how does any Bajan get to use gov’t property for profit without going through the tender process and years of lobbying?) at a lower price than Arawak, then Arawak lowered their prices in response.
Then Arawak’s mother-company Cemex (Mexican owners who bought Arawak’s Trini parent company after BDS Gov’t sold out our shares) bought the plant in Portugal which was supplying Hardrock.
So now Arawak has a functioning port, mixing plant, bagging plant, established Caribbean sales network, international supply network AND NO IMPORT DUTIES ON FINISHED GOODS THANKS TO MM AND HIS TEEFIN POLITICIAN FRIENDS.
Sounds like a self-solving problem to me.