• About Us
  • Activity
  • Advertising
  • Books
  • Business
  • Contact
  • Dashboard
  • EB5
  • Entertainment
  • feedback
  • Forgot Your Password?
  • Government
  • Home
  • Interviews
  • Login
  • Members
  • Meme generator
  • National
  • Nevada
  • Nevada News and Views
  • Newsmax
  • NN&V Ads
  • Opinion
  • Pick a New Password
  • Politics
  • Polls
  • Privacy Policy
  • Profile
  • Recent comments by me
  • Recent comments on my posts
  • Register
  • Submit post
  • Subscribe
  • Subscription Confirmation
  • Survey
  • Survey
  • Terms of Service
  • Today’s Top 10
  • Travel
  • Travel
  • Travel
  • Welcome!
  • Yop Poll Archive
Nevada News and Views
  • About Us
  • Advertising
  • Contact
  • More
    • Nevada
    • Opinion
    • Business
    • Travel
    • News
    • Sports
  • Facebook

  • Twitter

  • Pinterest

  • RSS

Business

What Congress Can Learn from Vietnam on Sugar Policy

What Congress Can Learn from Vietnam on Sugar Policy
N&V Staff
December 8, 2020

(Chuck Muth) – Members of Congress hoping scuttle the U.S. sugar program of targeted tariffs and import quotas on international competitors that subsidize their sugar industries should take a look at what’s going on in Vietnam right now.

According to a report published by the Vietnam News Agency (VNA) last week…

“After many years of maintaining a protection policy, Vietnam began to implement its commitments under the ASEAN Trade in Goods Agreement (ATIGA) from the beginning of the year, by not limiting the sugar imported from ASEAN countries and tariffs being cut to zero percent.”

Exactly what Big Candy’s lobbyists in DC are hoping to achieve under a new Biden administration.  But the results aren’t exactly sweet…

“Since the removal of tariff quotas, the total amount of sugarcane imported into Vietnam has increased rapidly, reaching approximately 1.3 million tonnes in the first 10 months of 2020. In addition, the price of imported sugar is also very low, causing many difficulties for sugar enterprises as well as farmers.

“Faced with cheap imported sugar, Vietnam’s domestic sugar price has fallen to a very low level, leading to low sugarcane prices.  This, the conference was told, was one of the reasons sugarcane farmers have fallen into debt. …

“The country now has 29 sugar plants in 2019-20 crop season, 11 less than the previous season. In the 2020-21, it is forecast to be a difficult year for the local sugar industry, especially in the complicated situation of the COVID-19 pandemic. …

“Nguyen Van Loc, secretary general of the Vietnam Sugar and Sugarcane Association (VSSA) said they have sufficient databases available to identify imported sugar originating from Thailand as dumped and subsidised for dumping in foreign markets. In addition, it also has clear evidence that dumped imported sugar causes significant damages to the domestic industry.”

Eliminating the U.S. sugar program would open up the spigot of cheap, government-subsidized imported sugar from nations that “cheat” and would result in unfair competition for American sugar farmers and producers.

Big Candy wants to change U.S. trade policies from “America First” under President Trump to “America Last” under a President Biden.  Congress shouldn’t play along.

Mr. Muth is president of Citizen Outreach and publisher of Nevada News & Views.  His views are his own.

Prev postNext post

Related ItemsbusinessFeatured Articlegovernment
Business
December 8, 2020
N&V Staff

Related ItemsbusinessFeatured Articlegovernment

More in Business

Graves: Don’t Allow Subsidized, Foreign Sugarcane to Enter U.S. Markets

N&V StaffNovember 1, 2022
Read More

Conservatives Should Not Surrender on Sugar

N&V StaffOctober 7, 2022
Read More

Sugar Growers Outraged by New Study Showing Big Candy Posting Big Profits

N&V StaffSeptember 26, 2022
Read More

Behold the First Truly Post-Trump Farm Bill – Properly This Time, DC Conservatives

N&V StaffSeptember 19, 2022
Read More

Food security issues, farmers’ pessimism greet the 2023 farm bill

N&V StaffSeptember 16, 2022
Read More

Runaway inflation puts American food security at risk

N&V StaffSeptember 14, 2022
Read More
Scroll for more
Tap

Subscribe Free By Email

Looking for the best in breaking news and conservative views? Let Chuck do all the work for you! Subscribe to his FREE "Muth's Truths" e-newsletter.

* indicates required
Nevada News and Views
Nevada News & Views is an educational project of Citizen Outreach Foundation, a non-partisan IRS-approved 501(c)(3) organization. It is not associated or affiliated with any political party or group. Nevada News & Views is accessible by the public at no cost. It funds its operations through tax-deductible contributions from donors and supporters and does not accept government money or grants.

TAGS

Featured Article Nevada Politics business Muth's Truths government Opinion Government Muth’s Truths Obama Ron Knecht News Donald Trump GOP Republicans

Copyright © 2022 Citizen Outreach | Maintained by VirtualAlly

Nevada judge declines Trump campaign’s request to nullify election results
Nevada Supreme Court denies Trump campaign’s appeal in election case