Fiji Time: 5:44 AM on Wednesday 29 March

Fiji Times Logo

/ Front page / News

EU deal on edge

Felix Chaudhary
Tuesday, June 17, 2014

AN economic partnership agreement with the EU, which can affect sugar sales to the continent will expire in two weeks, but the Fiji Sugar Corporation says it is continuing to look for markets for the locally-produced sweetener.

"The EU has asked that we negotiate an EPA by the end of June and at present, I am not sure where we are at because it is a government to government issue," said FSC executive chairman Abdul Khan.

"In the unlikely event that the EPA with the EU doesn't eventuate, we are already looking at markets that will give us the best value.

"Although they might not be as lucrative as the EU, the difference would not be significant."

Mr Khan said some of the markets the FSC was looking at included the Middle East, Japan, Indonesia and Malaysia.

"We also have a 9800-tonne duty-free quota with the United States that we have not been able to fulfil for a number of years that we could also look at."

Negotiations between the EU and Pacific African Caribbean Pacific countries on EPAs began in 2004.

By the end of 2007, PACP countries had not been able to finalise a comprehensive EPA with the EU.

Fiji and Papua New Guinea, to protect sugar and fish exports, signed an interim EPA.

The EU has announced that any ACP country that has not negotiated a comprehensive EPA will lose duty-free access into the country.

Duty on sugar can be as much as 330 euro per ($F810) tonne.








Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Westpac
Code Inward TTs Outward TTs
CAD 0.65300.6340
JPY 54.630051.6300
GBP 0.38700.3790
EUR 0.44880.4368
NZD 0.69910.6661
AUD 0.64380.6188
USD 0.49000.4730

from

$0.00

Exchange Rate updated on 28th, March, 2017

Today's Most Read Stories

  1. Dead under threat
  2. Search for sisters and father
  3. Labasa: Police recover young boy's body
  4. Granny recalls screams for help after blaze kills 2
  5. Mill no more
  6. $157m bust
  7. Strip search claimant on bail
  8. Father's plea for promising daughter's life
  9. 8-9 grams per day
  10. Man walks free

Top Stories this Week

  1. Siblings perish Sunday (26 Mar)
  2. Family hopes to raise $60,000 Monday (27 Mar)
  3. 7s star told don't reoffend Friday (24 Mar)
  4. 'Sims' the star barber Sunday (26 Mar)
  5. Shrea wins modelling title Sunday (26 Mar)
  6. Landowners demand $20m compensation from State Thursday (23 Mar)
  7. RKS retains Tailevu Zone title Wednesday (22 Mar)
  8. QVS blue ribbon king to miss Coke Games Wednesday (22 Mar)
  9. Former 7s stars win Oldies Saturday (25 Mar)
  10. Explicit photos online Monday (27 Mar)