Recognizing the relief the concessions on the importation of barrels provides, the Government of Saint Lucia has extended the time period for a further two months.
As part of the Social Stabilization Programme, the Government of Saint Lucia announced in 2020, that the barrel concession which normally started at Christmastime, would begin in early June and extend to January 31st 2021. The Cabinet of Ministers took the decision to further extend this concession until March 31st 2021.
Minister for Equity, Social Justice, Local Government and Empowerment, Honourable Lenard Montoute, welcomed the decision.
The Customs and Excise Department has explained that for the period June 1st 2020 to January 28th 2021, the number of barrels cleared is 28, 866. This is an increase over the 2019 period of 75%. During this time period over $11.5 Million has stayed in the hands of Saint Lucians which would have otherwise been duty and service charge fees.