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McCain, Obama's policies likely to hurt Jamaica's ethanol exports
BY PATRICK FOSTER Sunday Observer writer fosterp@jamaicaobserver.com
Sunday, November 02, 2008
JAMAICA'S ethanol exports could be dealt a severe blow if the two US presidential candidates follow through on their respective energy policies and adjust trade agreements that control the entrance of the fuel into the US.
MULLINGS... we would still have a role to play but there is also another opportunity to Europe through the EPA
"There are clouds on the horizon, but if it means that much to us then we must defend it," said Karl James, a prominent Petroleum Corporation of Jamaica (PCJ) board member.
Acknowledging that there could be problems after 2010 when the Caribbean Basin Initiative (CBI) comes up for review, energy minister Clive Mullings said that there were export options for ethanol through the Economic Partnership Agreement (EPA) with Europe. He added that apart from Brazil, Jamaica currently exports the largest amount of ethanol to the US and would seek to continue along that path even if the duty-free arrangement is removed.
Complete Story ...
BY PATRICK FOSTER Sunday Observer writer fosterp@jamaicaobserver.com
Sunday, November 02, 2008
JAMAICA'S ethanol exports could be dealt a severe blow if the two US presidential candidates follow through on their respective energy policies and adjust trade agreements that control the entrance of the fuel into the US.
MULLINGS... we would still have a role to play but there is also another opportunity to Europe through the EPA
"There are clouds on the horizon, but if it means that much to us then we must defend it," said Karl James, a prominent Petroleum Corporation of Jamaica (PCJ) board member.
Acknowledging that there could be problems after 2010 when the Caribbean Basin Initiative (CBI) comes up for review, energy minister Clive Mullings said that there were export options for ethanol through the Economic Partnership Agreement (EPA) with Europe. He added that apart from Brazil, Jamaica currently exports the largest amount of ethanol to the US and would seek to continue along that path even if the duty-free arrangement is removed.
Complete Story ...