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BELGIUM: Caribbean rum producers get EU subsidy

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The Caribbean rum industry will receive a multi-million Euro boost after the European Commission signed three financial agreements with the Caribbean Forum of African, Caribbean and Pacific States, identifying the sector as a priority for assistance.

Senior sources from the Caribbean Community (CARICOM) single market have told just-drinks last week that the regional rum industry will be supported with EUR7.7m (US$10.1m) out of a EUR46.5m agreement finalised on Wednesday (April 18). The funds will go toward removing technical barriers to trading Caribbean rum.

The programme will run through the West Indies Rum and Spirits Producers Association (WIRSPA).

Under a 2008 Caribbean-EU agreement, WIRSPA developed a "marque of provenance" for rums from the region.

CARICOM is made up of 15 nations: Antigua & Barbuda, The Bahamas, Barbados, Belize, Dominica, Grenada, Guyana, Haiti, Jamaica, Montserrat, Saint Lucia, St Kitts & Nevis, St Vincent & the Grenadines, Suriname and Trinidad & Tobago. Anguilla, Bermuda, British Virgin Islands, Cayman Islands and Turks & Caicos Islands are associate members of the trading bloc.


Sectors: Spirits

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