Memorandum Order No. 206




MALACAÑAN PALACE MANILA BY THE PRESIDENT OF THE PHILIPPINES [ Memorandum Order No. 206, February 23, 2006 ] FILLING UP THE ADDITIONAL SUGAR QUOTA FOR THE CROP YEAR 2005-2006 AND GRANTING TARIFF-FREE PRIVILEGES FOR THE IMPORTATION OF REFINED SUGAR In order to fill-up the additional sugar quota for the Crop Year 2005-2006, the Department of Agriculture through the Sugar Regulatory Administration (SRA) is hereby authorized to adopt a countertrade sugar program at a ratio of 1:1. Under this program, qualified domestically produced sugar will be exported to the United States in the amount of the additional allocated quota. The Philippine International Trading Corporation (PITC) will then import from the world market the volume of 50,000 MT of refined sugar as replenishment to satisfy domestic market requirements.1aшphi1 The Department of Finance is hereby directed to grant tariff-free privileges specifically for this importation of 50,000 MT of refined sugar. This Memorandum Order shall take effect immediately. By authority of the President: (Sgd.) EDUARDO R. ERMITA Executive Secretary Manila, FEB 23 2006 The Lawphil Project - Arellano Law Foundation