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August 13, 2013

Ecuador

Hit Hard by Subsidy Ruling

 

Today, after indicating in its preliminary ruling that Ecuador would not have to pay any subsidy duties, the USA Department of Commerce slammed Ecuador with duties of 11.68% for subsidizing its shrimp exports to the United States.

 

Indonesia and Thailand will not have to pay any duties.

 

Here are the rates that companies may have to pay:

 

Ecuador

Sociedad Nacional e Galapogos 10.13%

Promarisco 13.51%

All other companies 11.68%

 

India

Devi Fisheries 6.16%

Devi Seafood 5.54%

All other companies 5.85%

 

China 18.16%

 

Malaysia

Asia Aquaculture 10.8%

All other companies 54.5%

 

Vietnam

Minh Qui 7.88%

Nha Trang 1.15%

All other companies 4.52%

 

The International Trade Commission will make its final determination on the rates on September 19, 2013.  If it determines that no injury to domestic producers was caused by imports, then all the duties on shrimp will be rescinded.

 

Background information on the subsidy case.

 

Source: Seafood.com (an online, subscription-based, fisheries news service).  Editor and Publisher, John Sackton (phone 1-781-861-1441, email jsackton@seafood.com).  Breaking News: Ecuador Hit with 11.68% Shrimp Duty, Thailand and Indonesia Get 0%.  John Sackton.  August 13, 2013.

 

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