CPSO pleased with US shipping negotiations
Business
Finance
April 21, 2025
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Caricom Private Sector Organization (CPSO) chairman Gervase Warner said he is pleased with the US Trade Representative (USTR) determination issued on April 17 that has exempted Caribbean shipping from high port fees on China-built vessels.
In a release on April 19, the CPSO said USTR proposed over US$1 million for each US port call.
It said this would have increased the cost of shipping between the Caribbean and the US, with crippling consequences for inflation, shortages, delays and other supply-chain disruptions for the region.
Business
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