May 2017, Manila– Coca-Cola FEMSA Philippines, in the interest of finding an equitable resolution to the HFCS importation issue, is unilaterally withdrawing today the Petition for Declaration of Nullity With Prayer for Preliminary Injunction it filed at the Regional Trial Court of Quezon City on March 03, 2017.
This decision is in accordance with the companyās commitment to secure a win-win solution that will further strengthen our relationship with all sugar industry stakeholders, whom we have always considered our partnersāa relationship that, we are certain, will contribute to the sustained robustness of the local sugar industry as a whole.
āWe believe that engaging in dialogue is key to finding a win-win solution to address the needs of all sectors. We hope that by continuously working with the government, the local sugar industry, and other stakeholders, this represents not only the organizationās long-standing endeavor to take part in Philippine nation-building but, more importantly, our desire to continue fulfilling our role as a key partner in the countryās economic development,ā said Atty. Juan Lorenzo TaƱada, Coca-Cola FEMSA Philippines Legal and Corporate Affairs Director.
During the senate inquiry held on April 18, the Coca-Cola System expressed its concern that the misunderstanding on the HFCS importation issue has affected the Company’s relationship with the sugar industryābut believes that viable solutions can be amicably reached in an atmosphere of respect and openness.
āThe sugar industry has always been an integral partner of Coca-Cola. We have been operating in the Philippines for 105 years and we hope to continue to work with and support the local sugar industry in the next century or moreā said Atty. Adel Tamano, Vice President for Public Affairs and Communications of Coca-Cola Philippines. āWe look forward to the immediate convening of the Sugar National Councilāto be composed of sugar industry stakeholders and sugar-associated industriesāwhich will ensure that policies and issues relating to sugar are properly addressedā he added.
Coca-Cola remains committed to working with the government and with the stakeholders of the local sugar industry for the betterment of the communities we serve.ā
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