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The Office of the US Trade Representative announced an increase in the allocation for the Philippines and select countries in the World Trade Organization sugar tariff-rate quota for fiscal year 2024 amounting to 25,300 metric tons of raw cane sugar.
On March 7, 2024, the US Department of Agriculture announced an additional in-quota quantity of the TRQ for raw cane sugar eligible to enter the US in FY 2024, in the amount of 125,000 metric tons raw value .The said quantity is in addition to the minimum amount to which the US is committed under the WTO Agreement which is at 1,117,195 MTRV.
The allocation of increased quantities of the raw cane sugar WTO TRQ to countries that are net importers of sugar are conditioned on receipt of the appropriate verifications of origin. The Philippine Sugar Regulatory Administration is yet to verify if the Philippines will reconsider to participate in the program.
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