KINGSTON, Jamaica, CMC – Jamaica has imposed additional duties on lube oil product from Trinidad and Tobago, accusing the oil rich twin island republic of engaging in a scheme to circumvent the rules of origin in the Treaty of Chaguaramas, governing the Caribbean Community (CARICOM).
Industry, Investment and Commerce Minister Anthony Hylton told parliament the scheme was brought to the attention of the Portia Simpson Miller administration by the private sector.
“The alleged scheme involved the exportation of lubrication oil by the state owned oil company PETROTRIN (Petroleum Company of Trinidad and Tobago) which holds the dominant share of the Jamaican market for this product.
