Sugar Compensation Mechanism. 1. In any year, the United States may, at its option, apply a mechanism that results in compensation to a Party’s exporters of sugar goods in lieu of according duty-free treatment to some or all of the duty-free quantity of sugar goods established for that Party in Appendix I to the Schedule of the United States to Annex 3.3. Such compensation shall be equivalent to the estimated economic rents that the Party’s exporters would have obtained on exports to the United States of any such amounts of sugar goods and shall be provided within 30 days after the United States exercises this option. The United States shall notify the Party at least 90 days before it exercises this option and, on request, shall enter into consultations with the Party regarding application of the mechanism.
Sugar Compensation Mechanism. 1. In any year, the United States may, at its option, apply a mechanism that results in compensation to a Party’s exporters of sugar goods in lieu of according duty-free treatment to some or all of the duty-free quantity of sugar goods established for that Party in the United States’ Schedule to Annex 3.3. Such compensation shall be equivalent to the estimated economic rents that the Party’s exporters would have obtained on exports to the United States of any such amounts of sugar goods and shall be provided within 30 days after this option is exercised. The United States shall provide the Party with 90 days prior notice of its intent to exercise this option and, upon request, will enter into consultations with the Party regarding the application of the mechanism.
Sugar Compensation Mechanism. 1. In any year, the United States may, at its option, apply a mechanism that results in compensation to Panama’s exporters of sugar goods in lieu of according duty-free treatment to some or all of the duty-free quantities of sugar goods established for Panama in paragraph 6 of Appendix I to the General Notes of the Schedule of the United States to Annex 3.3. Such compensation shall be equivalent to the estimated economic rents that Panama’s exporters would have obtained on exports to the United States of any such amounts of sugar goods and shall be provided within 30 days after the United States exercises this option. The United States shall notify Panama at least 90 days before it exercises this option and, on request, shall enter into consultations with Panama regarding application of the mechanism.
Sugar Compensation Mechanism. The text of the agreement provides for a “sugar compensa- tion mechanism,” whereby the United States has the right to compensate Colombia for any increased sugar quotas in lieu of actually importing the sugar. The compensation shall be equivalent to the estimated economic rents that Colombia’s exporters would have obtained on exports to the United States of any such amounts of sugar goods, and is to be provided within 30 days after the United States exercises this option. Also Colombia must meet a “net exporter” provision in order to send any additional product to the US market. Florida Agriculture Cash receipts from Florida agricultural products reached $7.10 billion in 2009, a decrease of $752 million, compared to 2008 (USDA/NASS 2010). Commercial plant production is the main activity, with crop production accounting for 84.48 percent of the total cash receipts, and livestock and livestock products accounting for the balance. With regards to major crop categories, vegetables and melons (25.06%) and citrus (21.39%) account for the bulk of crop produc- tion. Other major categories include foliage and floriculture (9.8%), field crops (8.07%), non-citrus fruits and nuts (6.07%), and other crops and products (14.07%). Florida’s leading cash receipts, by commodity, for the year 2009 are shown in Table 2. In 2009, cash receipts for the 24 leading agricultural commodities totaled $6.64 billion (the top five commodities accounted for 60.58% of total cash receipts). That year, the top five agricultural com- modities and their respective share of the total value were greenhouse/nursery (23.53%), oranges (18.77%), tomatoes (7.33%), sugarcane (5.68%), and cattle/calves (5.28%). In terms of value, Florida is the leading US producer of oranges, sugarcane, sweet corn, watermelons, grapefruits, snap beans, cucumbers, and squash. Florida ranks second nationally as a producer of greenhouse/nursery products, tomatoes, strawberries, bell peppers, blueberries, and tangerines. Florida Agricultural Exports Between 2006 and 2010, Florida’s top five agricultural exports rose by 40 percent, from $2.09 billion in 2006 to $2.93 billion in 2010, accounting for 54.75 percent of the total value of Florida’s agricultural exports during that period (Table 3). Florida’s five top agricultural exports and their respective share of total export value are edible fruits and nuts (14.90%); vegetable, fruit, and nut preparations (13.83%); meat and edible meat offal (11.49%); edible vegetables (1...
Sugar Compensation Mechanism. At any time, the United States may, at its option, apply a mechanism that results in compensation to Panama’s exporters of sugar goods in lieu of according duty-free treatment to some or all of the duty-free quantities of sugar goods established for Panama. The compensation shall be equivalent to the estimated economic rents that Panama’s exporters would have obtained on exports to the United States of any such amounts of sugar goods and shall be provided within 30 days after the United States exercises this option. The United States shall notify Panama at least 90 days before it exercises this option and, on request, shall enter into consultations with Panama regarding application of the mechanism. Sanitary and Phytosanitary Measures (SPS) and Technical Standards Sanitary and phytosanitary measures (SPS) are policies to ensure food safety. Phytosanitary measures specifically protect against infectious diseases of plants. The agreement on SPS and technical standards seeks to address many SPS and other regulatory issues related to trade in raw/fresh and processed products. Panama recognizes the equivalence of the US food safety inspection system, ending its requirements for its own plant-by-plant and/or shipment- by-shipment inspections. Panama re-opened its market to US exports of beef and chicken based on international SPS standards. Import documentation requirements, including Panama’s product registration system for processed foods and for US agricultural products, have been simplified.
