IT is required that a policy be formulated to allow for the emergence of rules and regulations on sugar and sugarcane products to ensure sustainable development in the country’s sugar market and its sugar production, said Deputy Minister for Agriculture, Livestock and Irrigation Dr Tun Win on Monday.
The deputy minister’s call to have rules and regulations on sugar and sugarcane products in Myanmar introduced came at an annual conference of the Myanmar Sugar Cane & Sugar Related Products Producers Association for 2016 in Mandalay.
At the meeting, the draft Myanmar Sugarcane and Sugar Law was presented to those present.
He stressed the need of formulating a policy following discussions among all stakeholders of the country’s sugar industry, pointing out that Myanmar has seen sudden rises and declines of sugarcane production.
According to sources, the first draft of the Myanmar Sugarcane and Sugar Law is set to be revised by the ministry in cooperation with experts.
The draft law that will serve as the legal foundation for the industry will be finished through comprehensive discussions by all stakeholders, said U Soe Lin, chairman of the association.
Market analysts pointed out that it is impossible to stabilise the sugar market by increasing taxes on sugar and sugarcane products, saying that a lack of emphasis on the importance of the industry by authorities led a decline in sugar production in the country.
The imposition of taxes is not the answer to the sustainability of the country’s sugar production sector, said vice-chairman U San Thein of the association.
He called for participation of all stakeholders including sugarcane growers and producers in the process of formulating a policy on sugar and sugarcane products.
Aung Thant Khaing