“Our domestics processors comprised mostly of small entrepreneurs are really hurting from ASEAN competition. The high cost of sugar in the local market is killing the local industry but favoring foreign competition,” Roberto C. Amores, President of the Philippine Food Exporters, Inc said in a statement.
Earlier, the Philippine Chamber of Commerce and Industry , the largest business organization in the country, welcomed the government pronouncement to open up sugar importation to make the industry more competitive. Amores said that deregulating sugar industry would be beneficial to all stakeholders, including processors, farmers and consumers. “We are glad that our government is listening to our concerns because this has become a burden on our part. We absolutely cannot compete with similar products from ASEAN because our sugar is relatively too expensive,” he said.
Source: News Formal (newsformal.com)
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