The Hindu Business Line : 2 shrimp exporters picked for US dumping duty review

The US has recommended that two of the top Indian shrimp exporters, Devi Sea Foods and Falcon Marine Exports, be chosen as the mandatory respondents for the third administrative review to determine the quantum of antidumping duty that is to be imposed on Indian shrimp imports.

SIGNIFICANT CONTRIBUTION

These two companies were chosen from a list of exporters since they were deemed to be the two largest exporters/producers and contributed to a significant portion of Indian shrimp exports to the US.

3RD REVIEW

On April 17, 2008, the US Department of Commerce had initiated the third administrative review for ascertaining the anti-dumping duty to be imposed on Indian shrimp imports for which it obtained individual responses from 336 shrimp exporting companies from India.

Due to the significant number of review-requests received and the current resource constraints, the US Department of Commerce had recommended limiting the number of respondents to two -the largest companies by US entry volumes.

On inviting comments on selecting two of the largest exporters from the Customs and Border Protection data of the US, several Indian companies, including Devi Sea Foods Ltd, Falcon Marine Exports, Devi Marine Foods, Kader Investments and Trading Company, Premier Marine Products, Kader Exports, Universal Cold Storage and Liberty Frozen Foods submitted responses to the US Department of Commerce on selection of respondents.

EXPORTER CONTENTION

An Indian exporter had contended that the US Department of Commerce should not rely exclusively on Customs and Border Protection data of the US alone, and instead, should rely on a quantity and value questionnaire to determine the largest producer/exporters from India. However, given its limited resources, the Department decided to go ahead with the Customs and Border Protection data.

FALLING SHIPMENTS

Although shrimp exports to the US had fallen by 24 per cent in volume and 18 per cent in value between 2006 and 2007, the US still remains a significant player in India's seafood export market and the outcome of the third review would remain significant for India.

More Stories on : Aquaculture | Anti-dumping

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Winds, humidity levels fail to measure up

Bartronics to issue bar coded tokens for fish medicine

2 shrimp exporters picked for US dumping duty review

Costlier fruit, milk drive up inflation rate to 8.10%

Spot rubber drops to Rs 125/kg

Dust prices up at Kochi tea auction

River project

Tata Tea Q4 net at Rs 179 cr

Tap potential for agri exports: Kamal Nath