Fiji Time: 12:49 AM on Monday 25 July

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 0.63610.6171
JPY 52.092749.0927
GBP 0.36630.3583
EUR 0.44060.4286
NZD 0.70100.6680
AUD 0.65150.6265
USD 0.48800.4710

from

$0.00

Exchange Rate updated on 22nd July 2016

Today's Most Read Stories

  1. Parents happy son is in heaven
  2. Allegiance switch
  3. Sevens plight
  4. Team loses balance
  5. Man, 64, guilty of rape
  6. Earthquakes in Fiji, Samoa regions
  7. Student drowns in river
  8. Usamate: No learning, you'll die
  9. All equal
  10. Sugar talk

Top Stories this Week

  1. Ship runs aground Tuesday (19 Jul)
  2. God's call Monday (18 Jul)
  3. Sami's best try Saturday (23 Jul)
  4. Mum on rape charge Tuesday (19 Jul)
  5. Nakarawa steps up to meet Ryan's demands Wednesday (20 Jul)
  6. Nadro loses points Wednesday (20 Jul)
  7. Memorial service for couple Monday (18 Jul)
  8. 7s upgrade Monday (18 Jul)
  9. Radio announcer in court Saturday (23 Jul)
  10. Local leads resort Monday (18 Jul)