THE PHILIPPINES has received an additional raw sugar quota of 72,374 metric tons (MT) from the United States, the Sugar Regulatory Administration (SRA) said today.
In a statement, the sugar board said that the Office of the US Trade Representative announced last Thursday the additional allocation under its tariff-rate quota (TRQ) scheme for imported raw cane sugar.
The TRQ scheme allows countries to export specified quantities of a product to the US at a low tariff.
This extra allotment will add to the country’s regular sugar quota this year of 138,827 MT, bringing the amount to a total of 211,201 MT.
Last crop year, the country exported 212,505 MT of sugar to the US. –Bettina Faye V. Roc, Businessworld