Fiji Time: 7:04 PM on Thursday 27 October

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.

Code Inward TTs Outward TTs
CAD 0.65700.6380
JPY 51.993048.9930
GBP 0.39950.3915
EUR 0.45000.4380
NZD 0.69360.6606
AUD 0.64560.6206
USD 0.49320.4762



Exchange Rate updated on 27th October, 2016

Today's Most Read Stories

  1. Food runs low
  2. Silt slowly burying town river
  3. Man claims impersonation
  4. Airline opens door to new route
  5. Police probe accident
  6. Nadroga to tour NZ
  7. Explosives a concern
  8. Diwali a time for unity
  9. New fire house for Korolevu commissioned

Top Stories this Week

  1. 'I heard Soko screaming in pain' Friday (21 Oct)
  2. True to an early love Wednesday (26 Oct)
  3. Qiliho attends trial Wednesday (26 Oct)
  4. Death probe Sunday (23 Oct)
  5. Fiji pearls make history Monday (24 Oct)
  6. Fijian 7s surprise Tuesday (25 Oct)
  7. Love conquers all Sunday (23 Oct)
  8. Prepare for the worst, says Kumar Wednesday (26 Oct)
  9. Ro Teimumu frets over leadership Wednesday (26 Oct)
  10. NFP calls for public holiday Wednesday (26 Oct)