The United States authorized an additional 80,000 tons of sugar imports from Brazil.
“The Brazilian sugar quota in the United States ranges from 230,000 to 310,000 tons,” said Brazilian President Jair Bolsonaro in a tweet on September 21. “It is the first result of the recent opening of Brazil-United States talks on the sugar and ethanol sectors.”
Both countries agreed to negotiations for 90 days on trade in ethanol, sugar and corn.
Meanwhile, the Office of the Trade Representative (USTR) announced this Tuesday additional allocations within the specific quota of each country under the tariff quotas on imported raw cane sugar for fiscal year 2020 (from October 1, 2019 to September 30, 2020).
TRQs allow countries to export specified quantities of a product to the United States at a relatively low duty, but subject all imports of the product above a predetermined threshold to a higher duty.
On September 10, 2020, the Secretary of Agriculture announced an additional amount within the quota quota for raw cane sugar for the remainder of fiscal year 2020 (ending September 30, 2020) in the amount of 90,718 metric tons of gross value (MTRV).
This amount is in addition to the minimum amount to which the United States commits under the Uruguay Round Agreements of the World Trade Organization (WTO) (1,117,195 MTRV) and in addition to the 317,515 MTRV increase announced by the Secretary on March 3 April 2020.
The Secretary has also determined that all sugar entering the United States under the fiscal year 2020 raw cane sugar tariff quota may enter the customs territory of the United States until October 31, 2020, one month after the last date of usual entry.
Of this additional amount of raw cane sugar, the USTR allocates 10,718 MTRV of imports to Australia and 80,000 MTRV to Brazil.