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
Nov 16 – International Day for Tolerance
“No more toleration of corruption!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
November
Nov 2 – Intl Day to End Impunity for
Crimes Against Journalists
Nov 9 – World Science Day for Peace
and Development
Nov 16 – International Day for Tolerance
Nov 19 – World Toilet Day
Nov 20 – World Children’s Day
Nov 25 – Intl Day for the Elimination of
Violence Against Women
Monthly Observances:
Homes Safety Month
Filipino Values Month
National Rice Awareness Month
National Consciousness Month
for Punctuality and Civility
Environmental Awareness Month
National Children’s Month
Organic Agriculture Month
Weekly Observances:
Nov 19-25: Global Warming and
Climate Change Consciousness Week
Nov 23-29: National Girls’ Week
Population and Development Week
Nov 25 – Dec 12: Social Welfare Week
18-Day Campaign to End
Violence against Women
Week 2: Week 3: Drug Abuse Prevention
and Control Week
Last Week: Safety and Accident
Prevention Week
Daily Observances:
Last Saturday: Career Executive Service
Day
Nov 19: National Child Health Day
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
