The cess on local conch exports is to be reduced this year from US 75 cents per pound, to US 50 cents per pound.
The announcement was made on Friday, May 6 by Minister of Industry, Commerce, Agriculture and Fisheries, Hon. Karl Samuda, following a tour of Rainforest Seafoods' 30,000 square foot, state-of-the-art processing plant, located at 67 Slipe Road, Kingston.
The Minister said reduction of the cess is geared towards encouraging those who are interested in investing in the industry and “who are making the kinds of investment to take conch from the stage it is today to...