US grants extra quota for Philippine sugar exports

Published by rudy Date posted on April 23, 2012

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

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