Fiji Time: 12:30 PM on Saturday 28 November

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 0.62590.6069
JPY 58.270455.2704
GBP 0.31140.3034
EUR 0.44340.4314
NZD 0.72230.6893
AUD 0.65460.6296
USD 0.47290.4559



Exchange Rate updated on 27th November 2015

Today's Most Read Stories

  1. 7s with a smile
  2. Former CEO recalls days of sunken vessel
  3. 'Ship was fit to sail'
  4. Tears of joy as Tubalagi graduates
  5. Give them this day their daily bread
  6. Roadworks to end soon
  7. PS confirms oil volume
  8. Bridges to run a century
  9. Stage set for fashion show
  10. No leakage of diesel from sunken ship

Top Stories this Week

  1. Left for dead Wednesday (25 Nov)
  2. MV Suilven sinks Wednesday (25 Nov)
  3. 8 years for raping man Tuesday (24 Nov)
  4. MV Suilven sinks in Suva Harbour Tuesday (24 Nov)
  5. Torture suspects known to police Thursday (26 Nov)
  6. Friend indeed Monday (23 Nov)
  7. 'Racial slur' Sunday (22 Nov)
  8. Sevens hurdle Tuesday (24 Nov)
  9. Sex assault claim Thursday (26 Nov)
  10. Prof Prasad leaves school premises as 'mark of respect' Monday (23 Nov)