The Philippines could ship more sugar to the US, after the Office of the US Trade Representative (USTR) reallocated to 25 countries this fiscal year’s unused quota on imported raw cane sugar.
Upon consultations with quota-holding countries, the USTR has reallocated a total of 81,496 metric tons (MT) raw value of the minimum amount of the original tariff rate quota (TRQ) for raw cane sugar from countries that said they would be unable to supply previously allocated FY 2010 raw sugar TRQ quantities, Trade Secretary Jesli Lapus said.
A TRQ allows countries to export specified quantities of a product to the US at a relatively low tariff, while subjecting all imports above a pre-determined threshold to a higher duty.
The Philippines’ quota was worth 142,160 MT of sugar for FY 2010. The additional allocation would reach 11,706 MT.
“The reallocation was seen as a prelude to a possible announcement by the US government of an increase in overall quota for sugar due to high prices. This will be a rare opportunity to serve the US market and take advantage of the additional sugar quota,” Lapus said.
The price of sugar in the US stands at about 33 cents per pound, while the global average is about 17 cents a pound. –Ben Arnold O. De Vera, Manila Times
March –
IT’S WOMEN’S MONTH!
“Respect and support women
every day of the year/s!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
Monthly Observances:
Women’s Role in History Month
Weekly Observances:
Week 1: Environmental Week;
Women’s Week
Week 3: Philippine Industry and “
Made-in-the-Philippines Products Week
Last Week: Protection and Gender-Fair Treatment
of the Girl Child Week
Daily Observances:
March 8: Women’s Rights and
International Peace Day;
National Women’s Day
March 4: Employee Appreciation Day
March 15: World Consumer Rights Day
March 18: Global Recycling Day
March 21: International Day for the Elimination
of Racial Discrimination
March 23: International Day for the Right to the Truth
Concerning Gross Human Rights Violations
and for the Dignity of Victims
March 25: International Day of Remembrance of the
Victims of Slavery and the Transatlantic Slave Trade
March 27: Earth Hour
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