St. Lucia Chamber of Commerce, Industry & Agriculture

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  • Emergency Meeting of Retail and Distribution Caucus -Price Control Regime Expansion

Emergency Meeting of Retail and Distribution Caucus -Price Control Regime Expansion

  • 17 May 2022
  • 10:00 AM - 12:30 PM (ADT)
  • Zoom
  • 62

Registration

  • Free

Registration is closed

I hereby invite you to an Emergency Meeting of the Retail and Distribution Caucus of the St. Lucia Chamber of Commerce Industry and Agriculture tomorrow Tuesday 17th May from 10:00 a.m.

The Meeting will discuss proposals by the Ministry of Commerce to Expand the Price Control Regime and to put in place specific margins on a list of items. The initial assessment by the Chamber has raised serious issues and thus the convening of this meeting at short notice.

I have attached several documents below for your close examination and review:

The Chamber has requested time and space to assess the impact of these policies on the Business Community and the Ministry has agreed to engage the Chamber on this matter to better understand the concerns that the Chamber has raised.

In this context I ask that you pay close attention to the proposed list of items to be placed under price control and the accompanying margins set out.

You are invited to:

  1. Assess the potential financial impact on your bottom line, profitability, and prices of these commodities.
  2. Indicate the percentage of goods sold that price control items form, both currently and if this proposal is implemented.  
  3. Identify any special issues or good, that need to be taken account that we have not identified.  
  4. Provide recommendations for alternatives to price control

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Saint Lucia Chamber of Commerce, Industry & Agriculture is a 501(c)6 non-profit organization.

Orange Park Commercial Building, Bois D'Orange, Gros Islet, Saint Lucia

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