Bridgetown.
The Government of Barbados is monitoring growing threats to the local rum and spirits industry.
According to Minister of Industry and Commerce Donville Inniss there are several companies which are heavily subsidising their products to get them into the local spirit's markets at the expense of local businesses.
Speaking at the launch of the launch of the 310th celebrations of Mount Gay last night at the Mount Gay Visitors Centre, Mr. Inniss promised that Government will be working to ensure that Barbadian products enjoy a fair share of the local market.
Inniss said that he was aware of the international battle taken currently over subsidies in the rum industry and stressed that the Government will work urgently to ensure that the concerns of Barbadian rum manufacturers are raised in the international fora.
The Minister said the rum industry is a vital part of the Barbadian earning over $50 million in foreign exchange and employing several thousand workers.
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