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Blue Power Group Limited (BPOW) – Ruling by COTED, CARICOM

Blue Power Group Limited (BPOW) has advised that the Company has been notified by the relevant Government Ministries that COTED, an organ of CARICOM, has ruled that Jamaica (Trade Board) should not issue any Certificates of Origin for soaps manufactured under the current manufacturing process in Jamaica. Lack of a certificate of origin from Jamaica may require an importer in a CARICOM country to pay a tariff on imported Jamaican soap.

BPOW has further advised that this ruling does not affect the Company’s sales within Jamaica and exports to non-CARICOM countries such as the USA and the UK.