NewsWhore
03-07-2007, 06:10 PM
Despite recent news items about the possibility of the Dominican Republic exporting sugar to the European Union, the EU has apparently not offered nor will it offer a sugar quota within the economic agreement that will be signed with the ACP (Africa, Caribbean and Pacific) nations. According to Diario Libre, what chief EU negotiator Karl Falkemberg has proposed is a reduction of the other Cariforum countries' quotas, as well as a reduction of tariffs, both of which would allow the Dominican Republic to offer its sugar and gain a share of the European market, if prices are favorable. Hugo Ramirez, a member of the Dominican negotiating team told the newspaper that Falkemberg said that "the reformation of the European system will force internal prices to fall substantially, and this will cause the subsidies to fall. Without subsidy protection and high tariffs, the market is free for all." The European negotiator also said that he proposed to dismantle the current sugar protocols that benefit all the Caribbean nations except the Dominican Republic. The idea is to eliminate quotas.
Meanwhile, sugar stats indicate the DR does not have inventories at present to export to Europe.
More... (http://www.dr1.com/index.html#4)
Meanwhile, sugar stats indicate the DR does not have inventories at present to export to Europe.
More... (http://www.dr1.com/index.html#4)