Authority of NFA To Supply Additional U.S. Sugar Quota
Memorandum Order No. 435, issued on June 11, 1997, authorizes the National Food Authority (NFA) to supply an additional U.S. sugar quota of approximately 27,000 metric tons for the fourth quarter of Crop Year 1996-1997. To fulfill this quota, the NFA will implement a countertrade sugar swap program, exporting an equivalent amount of domestically produced sugar while simultaneously importing sugar from the global market. All importations will meet the Minimum Access Volumes established under the GATT Agreement of 1994. The NFA is granted tariff-free privileges for these sugar imports, with the order taking immediate effect.
Law Information
- Reference Number
- Memorandum Order No. 435
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Memorandum Orders
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
June 11, 1997
MEMORANDUM ORDER NO. 435
GRANTING AUTHORITY TO THE NATIONAL FOOD AUTHORITY TO SUPPLY ADDITIONAL U.S. SUGAR QUOTA OF ABOUT 27,000 METRIC TONS FOR THE FOURTH QUARTER OF CROP YEAR 1996-1997 AND TARIFF-FREE PRIVILEGES FOR THE IMPORTATION OF SUGAR
In order to fill up the additional U.S. sugar quota for the fourth quarter of Crop Year 1996-1997, the Department of Agriculture, through the National Food Authority (NFA), is hereby authorized to adopt a countertrade sugar swap program at the ratio of 1:1.
Under this program, qualified domestically produced sugar held as domestic stocks will be exported by the NFA or its assigned exporter in the amount of 27,000 metric tons, more or less, to arrive in the U.S. before September 30, 1997. The NFA or its assigned agent will then import sugar from the world market through a countertrade arrangement to satisfy domestic market requirements.
All importations made under this program shall be deemed to comply with Minimum Access Volumes committed under the GATT Agreement of 1994, now the World Trade Organization.
The Department of Finance and other agencies concerned are hereby directed to grant the NFA tariff-free privileges for the importation of an equivalent volume of sugar.
This Memorandum Order shall take effect immediately.
DONE in the City of Manila, this 11th day of June, in the year of Our Lord, Nineteen Hundred and Ninety-Seven.
Cite This Law
Authority of NFA To Supply Additional U.S. Sugar Quota, Memorandum Order No. 435, Jun 11, 1997 (Philippines)
Authority of NFA To Supply Additional U.S. Sugar Quota, Memorandum Order No. 435 (Phil. 1997)
Related Laws
- Authority of NFA to Intervene to Provide Consumers Access to Reasonably Priced SugarExecutive Order No. 512 • Mar 7, 2006 • Presidential Issuances
- Authority of the NFA to Intervene in the Stabilization of the Price of SugarExecutive Order No. 293 • Mar 1, 2004 • Presidential Issuances
- Authorizing the National Food Authority to Intervene in the Stabilization of the Supply and Price of SugarExecutive Order No. 857 • Jan 29, 2010 • Presidential Issuances
- NFA Intervention in the Stabilization of the Price of SugarExecutive Order No. 386 • Nov 18, 2004 • Presidential Issuances
- Filling Up Sugar Quota for Crop Year 2005-2006Memorandum Order No. 206 • Feb 23, 2006 • Presidential Issuances
- Allocation, Reallocation and Administration of Absolute Quota on SugarRepublic Act No. 1825 • Jun 22, 1957 • Statutes
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