Srihari Yamanoor
2004-01-01 22:22:15 UTC
US shrimpers move against India, 5 others Ajayan Kochi, January 1 The new year does not seem to augur well for the $410-million Indian seafood export to the US after shrimp farmers there filed a petition for anti-dumping duties against India and five other countries on Wednesday.
According to the petition filed by the Southern Shrimp Alliance on December 31, the US International Trade Commission (ITC) has been asked to initiate an anti-dumping duty investigation of frozen and canned warm water shrimp from India, Brazil, China, Ecuador, Thailand and Vietnam. For India, the duty has been fixed between 100 and 130 per cent, according to Marine Products Export Development Authority (MPEDA) chairman Jose Cyriac. He said that the duties ranged from 30 per cent on Vietnam to over 250 per cent on China.
The threat of such a petition had been in the air for long and the Seafood Exporters Association of India (SEAI) officials here said that fighting out the battle legally would mean a huge expenditure of over $1.5 million.
The differential duty was being fixed on the allegation that exporters were dumping their shrimp at prices much below the domestic prices. In the case of countries like India, which is the fourth largest exporter to the US, the duty would be based on the third country sale with a good part of Indian shrimps going to Japan from where it was being processed and exported.
In India too, the production cost was comparably lower than that in the US as a good part of the production was farm-based, unlike in the US, where it was sea-caught, which would come to hardly less than 10 per cent of the total US shrimp market. The US depend mainly on imported shrimp.
A ruling on the suit is expected by mid-February.
URL: http://www.indianexpress.com/full_story.php?content_id=38353
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According to the petition filed by the Southern Shrimp Alliance on December 31, the US International Trade Commission (ITC) has been asked to initiate an anti-dumping duty investigation of frozen and canned warm water shrimp from India, Brazil, China, Ecuador, Thailand and Vietnam. For India, the duty has been fixed between 100 and 130 per cent, according to Marine Products Export Development Authority (MPEDA) chairman Jose Cyriac. He said that the duties ranged from 30 per cent on Vietnam to over 250 per cent on China.
The threat of such a petition had been in the air for long and the Seafood Exporters Association of India (SEAI) officials here said that fighting out the battle legally would mean a huge expenditure of over $1.5 million.
The differential duty was being fixed on the allegation that exporters were dumping their shrimp at prices much below the domestic prices. In the case of countries like India, which is the fourth largest exporter to the US, the duty would be based on the third country sale with a good part of Indian shrimps going to Japan from where it was being processed and exported.
In India too, the production cost was comparably lower than that in the US as a good part of the production was farm-based, unlike in the US, where it was sea-caught, which would come to hardly less than 10 per cent of the total US shrimp market. The US depend mainly on imported shrimp.
A ruling on the suit is expected by mid-February.
URL: http://www.indianexpress.com/full_story.php?content_id=38353
Progressing towards two years of its existance, my homepage:
http://www.geocities.com/yamanoor/
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