Business Standard

Shrimp exporters to move US trade body for full waiver of anti-dumping duty

US is the largest importer of Indian seafood with 28% share in dollar terms, at $1,334 mn in 2015-16

Image
Premium

Nirmalya Behera Bhubaneswar
Indian seafood exporters will move the United States International Trade Commission (USITC), a quasi-judicial federal agency with broad investigative responsibilities on matters of trade, for complete waiver of anti-dumping duty after five years.
Recently, the commission had voted against revoking the existing anti-dumping duty orders on imports of frozen warm water shrimps from India jolting the $4.7 billion seafood industry here.
It also voted to extend the anti-dumping orders on shrimp imports for five more years on shrimp from China, India, Thailand and Vietnam.
"The US will review the duty every year and finalise a rate. We will again move USITC after five

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in