Sunday, January 21, 2018

...Trade Ministry sorry for delay

The Ministry of Trade, Industry and Investment yesterday apologised for any anxiety caused by the temporary delay in issuing licences to used car dealers.

In a statement, the ministry assured members of the public that the delay will in no way stymie the availability of used cars on the local market.

The release stated, “The Ministry of Trade, Industry and Investment over the past 12 months has met on numerous occasions with the executive of the Trinidad and Tobago Automotive Dealers Association with a view to determining the best policy for economic sustainability of the local used-car industry and protection of consumers.”

The policy position will be published within the next two weeks, the release stated.

In the interim, the ministry has taken a decision to issue licences for the import of used cars based on the existing quota arrangements.