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EU Wants Budget Support For Funds Spent On Sugar Industry

(Caricom News Network) The government and the European Union on Thursday signed an agreement which would see some 23.35 million euros coming Guyana’s way as part of EU support in the wake of the removal of the preferential status previously enjoyed by African, Caribbean and Pacific (ACP) sugar producers in EU markets.

The financing is the penultimate one in what was a deal started in 2006 - the Guyana Annual Action Programme - to buttress the sugar industry from the expected fallout from the removal of the Sugar Protocol.

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