Fiji Time: 10:35 AM on Friday 28 October

Fiji Times Logo

/ Front page / News

Ratify or lose benefit

Felix Chaudhary
Wednesday, March 05, 2014

THE EU will not extend the preferential quota regime which is set to expire on October 1, 2017.

However, Adam Janssen, the EU head of section political, trade, press and information, says countries signatory to the Economic Partnership Agreements (EPA) and those that fall under the Least Developed Countries category will continue to benefit from duty-free and quota-free access to the EU market.

He said Fiji could continue selling raw sugar to the EU as long as it ratified an interim EPA by October 1 this year.

"If Fiji does not ratify by that date the interim EPA it signed in 2007, then its sugar exports to the EU will no longer benefit from preferential access.

"In practice, this means that full duties will have to be paid on sugar exports, plus Fiji will have to compete with all other sugar producers," he said.

Mr Janssen said a report quoting Sugar Ministry permanent secretary Lieutenant Colonel Manasa Vaniqi as saying the EU would continue to buy Fiji sugar at a lucrative price — beyond the end of the preferential quota in 2017 — was not true.

"At this point in time, the EU is not aware of any commercial negotiations between EU private importers and FSC, but in any case such negotiations are kept private and confidential by the parties," he said.

The Fiji Sugar Corporation, the marketers for Fiji sugar, said discussions were still being held with the EU but nothing has been firmed up yet.

"Talks are going on behind the scenes but nothing is concrete as yet," said FSC executive chairman Abdul Khan.

Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Code Inward TTs Outward TTs
CAD 0.65510.6361
JPY 52.191449.1914
GBP 0.40080.3928
EUR 0.44880.4368
NZD 0.69410.6611
AUD 0.64810.6231
USD 0.49140.4744



Exchange Rate updated on 28th October, 2016

Today's Most Read Stories

  1. SODELPA approves Rabuka's election plan
  2. Vehicle imports top 8000
  3. Quake fear
  4. PM against human rights abuses
  5. Daughter steps up for mum, workers
  6. Villagers return home
  7. Baber is Fiji 7s coach
  8. Fiji backs UN pacts
  9. Islanders showcase culture

Top Stories this Week

  1. True to an early love Wednesday (26 Oct)
  2. Qiliho attends trial Wednesday (26 Oct)
  3. Death probe Sunday (23 Oct)
  4. Fiji pearls make history Monday (24 Oct)
  5. Fijian 7s surprise Tuesday (25 Oct)
  6. Love conquers all Sunday (23 Oct)
  7. Prepare for the worst, says Kumar Wednesday (26 Oct)
  8. Ro Teimumu frets over leadership Wednesday (26 Oct)
  9. NFP calls for public holiday Wednesday (26 Oct)
  10. Food runs low Thursday (27 Oct)