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Trinidadian Beverage producer threatens legal action over foreign exchange woes

Lawyers representing Ramsaran Dairy Products have issued a warning to the Trinidadian government, signalling potential legal action over the government's failure to facilitate the importation of paper-based cartons due to foreign exchange shortages.

In a pre-action protocol letter addressed to Attorney General Reginald Armour, the local beverage producer outlined its grievances. 

It highlighted the rejection of foreign exchange requests made by RDP founder Rajnanan Ramsaran in March and September 2017, a move allegedly spearheaded by Finance Minister Colm Imbert.

Richard Jaggasar, the attorney representing RDP, emphasised what the company perceives as an unequal distribution of foreign exchange within Trinidad and Tobago. 

He pointed out that several other companies seemingly faced no impediments in accessing foreign exchange.



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