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US announces decision to
review anti-dumping duty on Indian shrimp
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Will sample 3 companies and
review their export and expense patterns
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Industry welcomes move,
complements Ministry of Commerce for facilitation
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Trying to stem growing differences in trade, the US Department of Commerce
chose three Indian shrimp exporting companies to review their export statistic
and performance to formulate a anti-dumping duty structure for Indian shrimp.
The three companies for sampling are Falcon Marine Ltd, Hindustan Lever Ltd,
and Liberty Group. Indian shrimp exporters welcomed the decision but the
347-member Southern Shrimp Alliance (SSA) wanted all its members included in
the review process.
However the Seafood Exporters Association of India (SEAI) said that the demand
to include all members of SSA will not work as some of its members may have
gone out of business and may not be able to afford the Rs. 1 crore (USD
220,000) investigation cost. It thanked the Federal Ministry of Commerce for
its intervention and sustained support at crucial stages of this dispute.
US Customs' action doubled the anti-dumping duty and is thus a violation of
WTO provisions. Industry representatives say that the bond requirement by the
US is arbitrary and accused that country of targeting them more than the other
five shrimp exporting countries. While the review process is in progress, the
industry will continue with the bond process even if it is disagreeable.
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