Many countries in the world have ability to refine raw sugar to epurate and supply refining sugar for domestic market rather than import it. Moreover, importing 100% raw sugar in quota will contribute to save foreign money, increasing return for the nation.
Vietnam Sugarcane and Sugar Associate (VSSA) has just proposed Prime Minister management mechanism of sugarcane import tariff quota in 2017. Accordingly, the associate proposes Prime Minister to require Mnistry of Industry and Trade proposes official mechanism and auction sugarcane import tariff quota.
At the same time, proposing Prime Minister to organize auction of tariff quota using right in 2017 in quarter 1 to relative ministry and industry have favor to manage supply and demand and businessmen positive import and manufacture of agencies. Noted, sugar imported by tariff quota way according to proposal is 100% raw sugar.
VSSA said the reason to propose import in line with tarrif quota, 100 % of raw sugar, is the nation has 40 sugar factories currently, total designed productivity is 155,000 ton sugarcane per day, comprise 12 factories with 50% of designed productivity in total designed productivity of the whole sugar refine manufacture industry from sugarcane and raw sugar.
In recent years, some factories have refine sugar manufacture technology, besides using domestic material, they also import raw sugar to manufacture refine sugar to serve domestic demand. This is also a mechanism that many countries in the world have ability to refine sugar from imported raw material instead of import refine sugar
Not only so, importing 100% of raw sugar in line with tariff quota will contribute to save foreign money, increasing return for nation budget
This auction will be highly appreciated by community, nation not only receive VND 138 billion to budget from selling sugar import tariff quota right and the most important thing is to create competitive sugar business market which is fair, transparent, said VSSA.
Dan Tri