MANILA - The Office of the United States Trade Representative has officially announced the US Revised Fiscal Year 2012 Tariff-Rate Quota Allocations for raw cane sugar, with the Philippines getting the second biggest share at 75,540 metric tons raw value next to Brazil, Sugar Regulatory Administrator Ma. Regina Martin Bautista said yesterday.
This translates into an additional 73,373.653 mt commercial (shippable) value for the Philippines, Martin said.
This is on top of the 138,000 MT US quota share allocated to the Philippines for this crop year, which has already been shipped out, she added.
TRQs allow countries to export specified quantities of a product to the United States at a relatively low tariff, but subject all imports of the product above a pre-determined threshold to a higher tariff, the USTR said in its announcement.
This quantity is in addition to the minimum amount to which the United States is committed under the World Trade Organization (WTO) Uruguay Round Agreements, it said,
USTR is allocating and additional 454,463 MTRV to the following countries: Argentina -24,061, Australia - 46,443, Barbados - 3,917, Belize - 6,155, Bolivia - 4,476, Brazil - 81,136, Colombia - 13,430, Costa Rica - 8,393, Dominican Republic - 30,000, Ecuador - 6,155, El Salvador - 14,548, Guatemala - 26,858, Guyana - 6,714, Honduras - 5,596, India - 4,476,Mauritius - 2,000, Mozambique - 7,275, Nicaragua - 11,751, Panama - 16,227, Peru - 22,942, Philippines - 75,540, South Africa - 12,869,Swaziland - 8,953, Thailand - 7,834, and Zimbabwe - 6,714.
These allocations are based on the countries’ historical shipments to the United States. The allocations of the raw cane sugar TRQ to countries that are net importers of sugar are conditioned on receipt of the appropriate verifications of origin, and certificates for quota eligibility must accompany imports from any country to which an allocation is provided, the USTR said .*CPG back
to top
|