Relief to shrimp exporters

In a big relief to the domestic shrimp industry , the United States has withdrawn duties imposed on import of frozen shrimp from India, according to the Commerce and Industry Ministry.

This decision was taken after investigations carried out by the United States International Trade Commission (USITC). “As a result of the USITC's negative determinations, US Commerce Department will not issue countervailing duty orders on imports of these products from India, China, Ecuador, Malaysia, and Vietnam. The final decision of USITC brings great relief to Indian shrimp industry and its exports,” the official statement issued here said on Monday.

India's seafood exports, including frozen shrimps, stood at $3.5 billion in the 2012-13 fiscal. About a fifth of the exports were to the U.S. The USITC imposed a 5.85 per cent countervailing duty on Indian shrimp exports last year in response to allegations that Indian exporters enjoyed price advantages due to government subsidies. The duty was withdrawn after some of the subsidies schemes came to an end, the statement added.

Recommended for you
This article is closed for comments.
Please Email the Editor

Printable version | Aug 8, 2020 3:06:48 PM |

Next Story