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The island’s Minister for Commerce has described the sale of shares from the dominant supermarket here as a wake-up call to St Lucian businesses.

Minister Emma Hippolyte made the statement during a meeting with the local press today calling on the business community to expand its and diversify their portfolios beyond St Lucian shores.

She pointed to the principles in chapter 3 of the treaty of Chagarumas which makes provision for Caricom member states to participate in the Caribbean single market and economy.

She notes that the acquisition of controlling shares by Trinidadian conglomerate Neal and Massy is evidence of those principles.

Ms Hippolyte also assured that her Ministry will also be working to ensure that there is legislation to regulate competition in the market
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