Update news VSSA
VietNamNet Bridge - With profits down and inventory up, sugar companies are in their most difficult period of the last 15 years.
The ATIGA (ASEAN Trade in Goods Agreement) implementation will be delayed by two years, which means Vietnam will not remove the sugar quota scheme and tariffs until 2020.
VietNamnet Bridge - Though the sugar industry enjoys benefits from protectionism, manufacturers are still complaining that business is tough because of smuggling.
VietNamNet Bridge - The Ministry of Finance (MOF) will make put into force commitments in the ASEAN Trade in Goods Agreement (ATIGA) signed by 10 ASEAN countries to protect two ‘particularly sensitive’ products – sugar and rice.