News International Sugar Journal

Philippines – End of ASEAN tariffs a challenge says sugar industry president [Registered]

When the ASEAN Economic Community comes into effect in 2015, there are concerns the domestic sugar market in Philippines could be hit hard. In 2010 the Philippines signed an agreement promising to steadily reduce tariffs on sugar imports, from 38% in 2011 to 5% in 2015. With the cost of production lower in certain neighbouring countries, the challenge for some local suppliers will be to remain competitive, both at home and abroad. Speaking to local newspaper Inquirer, Francisco Varua, president of Philippine Sugar Millers Association and Philippine Sugar Research Institute (Philsurin), said “We are not afraid of 2015, we are…

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