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
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
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
October –
Monthly Observances:
Industry and Commerce Safety Month
National Statistics Month
Local Government Month
Consumer Welfare Month
Cooperative Month
National Quality and Productivity Improvement Month
National Health and Wellness Tourism Month
National Indigenous Peoples Month
Weekly Observances:
Week 1: Elderly Filipino Week
Week 2: National Health Education Week
Local Government Week
National Mental Health Week
October 17-23:
National Week for Overcoming Extreme Poverty
October 18 – 24:
United Nations Week
Last Week:
Nurses’ Week
Consumers’ Protection Week
Week of the 4th Sunday:
Barrio Farmers’ Week
Daily Observances:
First Monday (Oct 4): Universal Children’s Day i
n the Philippines
Oct 5: National Teachers’ Day
Oct 10: Local Government Day
Third Thursday (Oct 14): Conflict Resolution Day
Oct 21: Tenants’ Emancipation day
Oct 24: United Nations Day
Oct 29: National Indigenous People’s Thanksgiving Day
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