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Dean Barrow

Dean Barrow brokers citrus talks

Dean Barrow 47%


The Citrus Growers Association (CGA) is hailing as “successful” the Friday, January 14, 2011, talks mediated by Prime Minister and Minister of Finance Dean Barrow to diffuse flared tensions in the industry, and particularly a long-standing impasse between CGA, the majority shareholder of the Citrus Products of Belize Limited (CPBL), and Banks Holdings of Barbados, the minority shareholder, which has effectively suspended the normal course of business between the parties.

Whereas the CGA is sticking to its position that Dr. Henry Canton, the chief executive officer of the CPBL who is supported by Banks Holdings, has to go; it said that Friday’s meeting is a step in the right direction.

A late evening press release issued Monday, January 17, said: “The meeting concluded with an agreed process of how to move forward and with both parties agreeing to consider issues that could possibly improve the Investment Agreement, the working relationship of the parties and return CPBL to profitability.”

The association added that it, “...views the outcome of the meeting as a step in the right direction and remains committed to finding a workable arrangement for the way forward to improve the long-term sustainability of the Belizean citrus industry and ensuring the livelihood of growers and all stakeholders who rely on the industry.”

The Government of Belize announced on Friday, January 14, just following the meeting, that, “Under the chairmanship of Prime Minister Dean Barrow, the two major shareholders in Citrus Products of Belize Ltd. (CPBL) met and agreed on a strategy that hopefully will bring them closer togethr for the good of the citrus industry and for the good of Belize.”



Adele Ramos




Read full article: www.amandala.com.bz


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