Executive Secretary Lucas Bersamin on Tuesday, May 23, told Senate probers that the importation of 440,000 metric tons (MT) of sugar is legitimate and fully authorized by the government. ManilaBulletin
Executive Secretary Lucas Bersamin on Tuesday, May 23, told Senate probers that the importation of 440,000 metric tons of sugar is legitimate and fully authorized by the government.
“This was not an effort for cartelization. This was undertaken by the government to address inflation in the months leading to January 2023. The Administration made sure that there was buffer stock as a measure to regulate price increases. In a large way, the objective was realized,” Bersamin told the committee, headed by Sen. Francis Tolentino, during the hearing.
Those without a clearance would be referred to the Bureau of Customs for duties and charges; SRA, on the other hand, will perform market classification for its disposition pursuant to rules and regulations.The Executive Secretary urged the Senate to look at the rules and adopt amendments to the SRA policy.
Sen. Risa Hontiveros, who pushed for an investigation into the issue had questioned the need for the government to allow the sugar importation from three sugar importers ahead of the release of SO No. 6.
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