Home Page | Photos | Video | Forum | Most Popular | Special Reports | Biz China Weekly
Make Us Your Home Page
Business

U.S. not to levy punitive duties on shrimps from five countries including China

English.news.cn   2013-09-21 07:51:28            

WASHINGTON, Sept. 20 (Xinhua) -- Frozen warmwater shrimps from China, Ecuador, India, Malaysia and Vietnam does not hurt or threaten the U.S. industry, said the U.S. trade authority in a final ruling Friday.

The U.S. International Trade Commission (ITC) therefore determined to deny a ruling by the Commerce Department on final countervailing duties (CVD) on shrimp imports worth of some 1.9 billion dollar from the five countries. As a result of the commission's negative determinations, no countervailing duty order will be issued on imports of this product.

The ITC said in a statement that "a U.S. industry is neither materially injured nor threatened with material injury by reason of imports of frozen warmwater shrimp from China, Ecuador, India, Malaysia, and Vietnam that the U.S. Department of Commerce has determined are subsidized."

Four of the six-member commission voted in the negative, while two others voted in the affirmative.

The U.S. Coalition of Gulf Shrimp Industries late last year filed a petition to the U.S. trade regulator to seek protection. The Commerce Department then instituted the investigations in January and set final countervailing duties (CVD) on Aug. 12, 2013.

Under the Commerce Department's ruling, Chinese exporters that have sold frozen warmwater shrimps in the U.S. market would have to face 5.76 percent in countervailing duties.

The ITC revealed that the U.S. industry comprised 48 producers and 2,050 workers. The U.S. shrimp consumption market amounted at 1.3 billion pounds (about 591 million kilograms), with the imports taking up 35.7 percent. Thailand, Indonesia and India were the three largest import sources, and China took the seventh place.

Editor: Hou Qiang
分享
Related News
Home >> Business            
Most Popular English Forum  
Top News  >>
Photos  >>
Video  >>
Top Biz News Latest News  
  Special Reports  >>
010020070750000000000000011100001327367311