July 21, 2015
Sugaronline | http://goo.gl/FNbKpl
United States Trade Representative Michael Froman has announced that under the FY 2016 US sugar quota allocations, the Philippines's share will be 142,160 metric tons raw value, Sugar Regulatory Administrator Ma. Regina Martin said, according to the Philippines' Visayan Daily Star newspaper.
Of the 40 countries included in the US quota for sugar, the Philippines got the third largest allocation after the Dominican Republic with 185,335 MTRV and Brazil with 152,691 MTRV.
The shortfall in deliveries under the quota in FY 2015 had no effect on the size of the allocation for FY 2016, Martin said.
The countries covered by the US tariff-rate quotas (TRQ) are allowed to export specified quantities of sugar to the United States at a relatively low tariff.
The in-quota quantity for the TRQ on raw cane sugar for FY 2016 is 1,117,195 MTRV, which is the minimum amount to which the United States is committed under the World Trade Organization Agreement.