Govt lowers duty on imported cement to 0%
Business
Finance
Utilities
April 5, 2025
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The Government is moving to reduce the rate of duty on other hydraulic cement from 10 per cent to zero per cent.
The Ministry of Trade and Industry said yesterday the decision follows its monitoring of market conditions in the cement industry, and the recent action by Trinidad Cement Ltd (TCL) to increase the price of cement by 7 per cent this year.
In a news release, the ministry said the price adjustment was the fifth increase implemented by TCL since 2021.
Business
Finance
Utilities
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