CARICOM Issues More Empty Threats on Rum Subsidy

Dear Client: You may recall (see WSD 08-08-2012 ) over the last six months The Caribbean Community (CARICOM) and other non-US Caribbean rum producing countries have been threatening to take their grievances over the American rum cover-over subsidy to the World Trade Organization (WTO). This isn't a new issue. Recall the rum cover-over subsidy the US gives Puerto Rico and the US Virgin Islands has been at the center of heated debate for years. However, August 2012 was the first