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A European Union offer of 40 million Euros (about $48 million) to help African Caribbean and Pacific countries deal with deep cuts to sugar prices next year, was the main subject of a meeting of ACP ambassadors in Brussels today. The chair of the meeting, Grenada's George Bullen told BBC Caribbean Radio they're far from satisfied with it. "40 million for 18 countries. You don’t have to be a rocket scientist to see that's not a lot of money". EU should offer more The cuts will hit hard at the Caribbean sugar industry, with estimated financial losses of up to 95 million dollars a year. The St Kitts government has already decided there's no future in sugar, and is closing its factories. A hard sell Mr Bullen said Tuesday he understands as many as 10 countries did not like rescue package offer. "There were one or two who wanted the cuts to go even further, but we believe these were a minority. We believe there will be some sort of compromise", he told the BBC. |
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