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The Guyana Government is seeking a stay of execution on the order of the Caribbean Court of Justice (CCJ) that Georgetown re-imposes the Common External Tariff (CET) on cement imports.The CET governs trade within the regional integration bloc CARICOM and could only be waived if member nations are unable to meet the demands of any member country.On August 20,China Jerseys Cheap, last, the CCJ ruled in favour of Trinidad Cement Limited (TCL), which complained that Guyana was unfairly waiving the CET so that other companies could import cement from outside of the region when it could satisfy local demands.Trinidad and Tobago and Barbados had both objected to the waiver of the CET that for which Guyana had applied on the grounds that their producers could adequately supply cement to Guyana and that there was no need to bring cement from outside the region.Now, Attorney General Charles Ramson has applied for a stay of execution of the CCJ’s order. The application for a stay of execution was filed on September 22, 2009.Georgetown contends that on June 30, 2009,NFL Jerseys Discount, it applied for a waiver of the CET in accordance with the procedure set out in Article 83 of the Revised Treaty of Chaguaramas,http://www.airmaxfantasy.us.com/Air-Max-95-Nike-Air-Max/, but this is yet to be determined. This could come up for consideration when CARICOM’s Council on Trade and Economic Development meets on October 8.In his application,NFL Jerseys Wholesale, Ramson states that the importers of cement into Guyana had orders placed prior to the date of ruling of the CCJ and should the CET be re-imposed within the time prescribed, severe financial hardship will befall these importers. The CCJ had ordered Guyana to re-impose the CET 28 days after its ruling.In addition, Ramson claims that the macro-economic stability of Guyana will be adversely affected should the CET be re-imposed within the time prescribed.In a statement to support the application, Guyana states that the Ministry of Tourism,China Jerseys Cheap, Industry and Commerce has been monitoring the importation of cement and the adequacy of supplies relative to the infrastructural and development works, both of a public and private nature in Guyana.The Guyana application takes note of the fact that TCL in several full page advertisements in the newspapers published within the last month purport to assert that it has quantities of cement which in their estimation are adequate to meet the demands for this commodity within Guyana.However, Ramson argues that importers of cement into Guyana had placed orders with non-CARICOM sources prior to the 20th day of August 2009 based upon their understanding that the Common External Tariff was not in effect and are yet to receive delivery of their consignments from their suppliers.Should these be required by the government to pay the CET ordered by the CCJ they will suffer severe financial hardship and would lose their competitive status viz-a-vis TCL.Guyana’s application also points out that when it comes to prices, both wholesale and retail for cement,Wholesale Jerseys Free Shipping, these prices continue to vary from importer to importer.


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