Updated  
August, 08 2012 10:14:11

Ministry allocates sugar quotas

 

Sugar is packaged by the wholly foreign-invested KCP Sugar and Industries Co Ltd in the central province of Phu Yen. — VNA/VNS Photo The Lap
HA NOI — Instead of inviting bids from companies, the Ministry of Industry and Trade has set individual sugar import quotas of 70,000 tonnes this year for food processing enterprises.

Phan Thi Dieu Ha, deputy head of the ministry's Import-Export Department, announced the quotas at the meeting held in Ha Noi on Monday.

50,000 tonnes will be allocated for enterprises that rely on sugar for their production, while the remaining 20,000 tonnes will be distributed to businesses selling to customers.

Ha did not reveal the number of businesses that were assigned the quota.

The Viet Nam Sugar and Sugarcane Association (VSSA) previously proposed to scrap the system of setting individual sugar import quotas for food processing enterprises to create transparency while ensuring steady demand for sugar.

In response to the proposal, she said the department has received the VSSA's suggestion and exchanged ideas with the Multilalteral Trade Policy Department which was in charge of importing sugar.

She said under the WTO commitment, the import would have to be allocated into the quota. If the industry wanted to shift from the quota system to invite for bids, it would have to negotiate with WTO's member countries.

She added that the two departments would continue to research the proposal.

The Ministry of Agriculture and Rural Development allowed Vietnamese companies to import 70,000 tonnes of sugar this year despite sufficient supply in the domestic market in order to keep up with WTO commitments. — VNS

Send Us Your Comments:
Name:
Your E-mail address:
Title:
 

VietNamNews may edit your comments and not all emails will be published.

SEE ALSO

Hightlight

Tax code reforms to decipher dependents Tax code reforms to decipher dependents

People who are dependent on personal income tax payers will be given their own tax codes to avoid people lodging claims as dependents of more than one taxpayer.

Farmer-firm linkups remain elusive despite Gov't efforts Farmer-firm linkups remain elusive despite Gov't efforts

More than 10 years after the Government unveiled policies to encourage tie-ups between farmers and businesses, the proportion of farm produce sold through such contracts remains modest.

Buddha statues highlight heritage Buddha statues highlight heritage

An exhibition of Buddhist artefacts from the 11th to 20th century opened yesterday at the HCM City-based Xa Loi Pagoda.

Australian book to provide ‘limitless' inspiration Australian book to provide ‘limitless' inspiration

A book by Australian limbless victim Nick Vujicic was launched in Vietnamese yesterday.