Marine exporters optimistic on removal of duty on US-bound shipments

Anti-dumping duty on Indian shrimps since 2004-05; US is the largest market for Indian seafood

Seafood exporters are optimistic about the removal of anti-dumping duty by the World Trade Organisation (WTO) on shrimps exported to United States, the largest market for Indian marine products.

The anti-dumping duty has been in force on Indian frozen warmwater shrimps since 2004-2005. The levy was for five years. In the fifth year, a 'sunset review' was initiated by DOC (department of commerce) of the US government.

As per reports, the DOC will conduct the sunset review to determine whether duties can be withdrawn or should be continued for another five years.The DOC had extended the levy on Indian shrimps for another