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March 8, 2016

United States

Washington DC, Increases in Dumping Duties Proposed

 

In its tenth annual review of dumping duties, the USA Department of Commerce (DOC) proposed increases in import duties on shrimp from India, Vietnam and Thailand, based on data from those countries between February 1, 2014 and January 31, 2015.

 

For India, the preliminary average duty from the DOC would be increased to 4.89%, compared to 2.96% in the ninth review, which covered February 1, 2013, through January 31, 2014.  However, DOC is recommending Falcon Marine’s duty be cut from 2.63% to 0.80%.  Liberty Group, which was not included in the ninth review, was given a preliminary duty of 8.32%.

 

Vietnam’s average duty is 3.56%, unchanged from the ninth review.  However, Minh Phu Seafood’s new preliminary duty is 2.86%, compared to 1.39% in the ninth review.  Soc Trang Seafood Joint Stock Company, known as Stapimex, has a new preliminary duty of 4.78%.  It was not included in the ninth review.

 

For Thailand, the new average preliminary duty is 1.36%, compared to 1.10% in the ninth review.  Thai Union Group and Pakfood, its subsidiary, received a 0% preliminary duty.  May Ao Foods, which was not included in the ninth review, received a preliminary duty of 1.36%.

 

The final duties might be different from the preliminary duties.  DOC is scheduled to issue the final duties in the Federal Register, which will be sometime in early July 2016.  That deadline could be extended for an additional 60 days.

 

Source: Undercurrent News [eight free news reads every month].  Editor, Tom Seaman.  US Gov’t Proposes Upping Import Duties on India, Vietnam, Thailand Shrimp.  Tom Seaman  (undercurrent@undercurrentnews.com).  March 7, 2016.

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