International trade issues and access to the U.S. market are critical matters for sugarbeet growers.
Fifteen percent of domestic consumption is imported from 41 countries, making the U.S. the fourth largest net importer of sugar in the world. With current efforts to expand the number of bilateral trade agreements between the U.S. and other sugar-producing and exporting countries, U.S. producers' share of their market is threatened. As more sugar is allowed to enter an already-saturated domestic market, growers could face lower prices.
The industry believes that sugar should not be included in bilateral trade agreements, but should rather be addressed on a multilateral basis, where worldwide subsidies can be addressed and appropriately eliminated.
USTR Announces Reallocation of Unused FY 2014 World Trade Organization Tariff-Rate Quota Volume for Raw Cane Sugar
Washington, D.C. -- The Office of the United States Trade Representative (USTR) today announced country-specific reallocations of the fiscal year (FY) 2014 in-quota quantity of the World Trade Organization (WTO) tariff-rate quota (TRQ) for imported raw cane sugar. 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.
Based on consultations with quota holding countries, USTR is reallocating 99,290 metric tons* raw value (MTRV) of the original TRQ for raw cane sugar from countries that have stated they will be unable to fill previously allocated FY 2014 WTO raw sugar TRQ quantities.
USTR is allocating this quantity to the following countries in the quantities specified below:
|Country||FY 2014 Reallocation|
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. Certificates for quota eligibility must accompany imports from any country to which an allocation is provided.
*Conversion factor: 1 metric ton = 1.10231125 short tons.
U.S.-EU Trade Agreement: The first round of negotiations on an ambitious US-European Union trade deal will take place in Washington the week of July 8. The official decision to launch the TransAtlantic Trade and Investment Partnership (TTIP) negotiations was announced in Northern Ireland on June 17, 2013.
The first round of negotiations in July, 2013, will be followed by two more sessions in mid-October and December.
TPP: The next full round of negotiations, which is the 18th since talks formally began in March 2010, will take place July 15-25 in Malaysia.
Up-to-date information on the TRQ--what it is, and how it affects imports and exports.
Read more: Tariff Rate Quota Announcement
Check here to understand the impact of each trade agreement currently in development.
Read more: Trade Agreements
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