India Intelligence Report
 

   US to review dumping duty on Indian shrimps

 

 

  • US announces decision to review anti-dumping duty on Indian shrimp

  • Will sample 3 companies and review their export and expense patterns

  • Industry welcomes move, complements Ministry of Commerce for facilitation

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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