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
May –
Anti-Graft and Corruption Awareness Month
“Corruption drains the nation
and victimizes workers who build the nation.
Accountability now!”
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
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May 1 – Labor Day
May 2 – World Freedom Day
May 12 – World Communication Day
May 15 – International Day of Families
May 16 – International Day of Living
Together in Peace
May 21 – World Day for Cultural Diversity
for Dialogue and Development
Monthly Observances:
The Month of the Ocean
Anti-Graft and Corruption Awareness Month
Volunteerism Month
Weekly Observances:
Week 2: Safe Motherhood Week
Daily Observances:
May 1: Labor Day
May 7: Health Worker’s Day
May 31: National Fisherfolks Day
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