With pending tax hike on glass bottles, IDB starts feasibility study for local factory

“The companies under our membership approached the IDB and the IDB said yes we are going to fund a study for a feasibility study in Guyana for glass manufacturing. I am pleased to say that study has started and we have a timeline for about two months before we can get the results on that study,” Ali said.

Tariff barriers are taxes imposed by the government on the import and export of goods. Under the Customs Act, Guyana levies a GY $10 environmental tax on every unit of non-returnable metal, plastic, glass, or cardboard container of any alcoholic or non-alcoholic beverage imported into the country.

Ramsay added with the widely anticipated Gas-to-Shore project at Wales, West Bank Demerara, “that project is going to make more sense than if we were to look at it years ago because of the consumption of energy for such a facility.”