Revised Laws of Saint Lucia (2021)

Schedule IV

PROTECTION OF GUYANESE PETROLEUM PRODUCTS

1.  

   1.   Special arrangements to facilitate the establishment of a petroleum refining industry in Guyana are provided in this Schedule.

1.  

   2.   Notwithstanding anything in this Chapter, any quantitative restriction within the meaning of Article 87 thereof may, during any period for which the Government of Guyana is a party to any protective agreement in that behalf relating to petroleum product produced in Guyana, be applied on imports into Guyana of that petroleum product from any other part of the Community.

Provided that no such restriction shall be so applied on imports of any petroleum product, other than Bunker C, asphalt or road oil during any year except with a view to preventing the importation of that petroleum product into Guyana to any extent in excess of:

1.  

   (a)     1/3 of such amount of that petroleum product as is reasonably considered by the Government of Guyana to be marketable in Guyana during such year; or

1.  

   (b)     the difference between such amount of that petroleum product as is reasonably considered by the Government of Guyana to be marketable in Guyana during such year and any lesser amount of that petroleum product which is reasonably considered by the said Government to be productible in Guyana during such year, whichever is more.

1.  

   3.   During any period first hereinbefore in this Article referred to in connection with a petroleum product produced in Guyana, customs duties shall, at rates not lower than those in force when the CARICOM Single Market and Economy enters into force, be applicable to any permitted imports into Guyana of that petroleum product from outside the Community.

1.  

   4.   Not later than –

   1.  

      (a)     the commencement, during any year, of any period mentioned in paragraph 3 of this Schedule;

   1.  

      (b)     the commencement, during any such period, of any year,

Guyana shall notify to COTED the amounts mentioned in paragraph (b) of the proviso to paragraph 2 of this Schedule in relation to that year and shall at the request of any Member State, inform COTED in strictest confidence of the reasons for arriving at any such amounts.

1.  

   5.   In this Schedule “that petroleum product” includes any like or substitutable petroleum product.

1.  

   6.   These provisions shall not have effect for longer than 15 years from the commencement of a period mentioned in paragraph 3 of this Schedule.