sugar imports

Update news sugar imports

The weaknesses of the domestic sugar industry and the negative impact from the world sugar market may cause the industry to suffer a new "shock" when ATIGA (ASEAN Trade in Goods Agreement) comes into force.

Local sugar firms concerned by reduced import tariffs under ATIGA

Domestic sugar companies are worried about losses in the local market as the ASEAN Trade in Goods Agreement (ATIGA) will lower the tax rates for sugar imports from ASEAN markets to only 0%-5% on January 1 next year.