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August 6, 2014

United States

Washington DC—Higher Dumping Rates for Thailand, Vietnam and India

 

In March 2014, The USA Department of Commerce said it planned to increase dumping duties on shrimp exporters in Thailand, Vietnam and India.

 

According to Warren Connelly, an attorney at the law firm of Akin, Gump, Strauss, Hauer and Feld in Washington DC, Commerce could very well announce the final duties any time prior to the September 2014 deadline.

 

When the preliminary rates were announce in March 2014, Vietnam received the largest increases, between 5 and 10 percent.  Exporters Minh Phu Seafood and Stapimex saw their potential duty margins rise from zero to 4.98 and 9.75 percent, respectively.  The preliminary rates for India and Thailand were also increased over their original values, but not nearly as mush as those for Vietnam.

 

Should Commerce uphold its preliminary rates in its final determination, cash deposits for the new duties would take effect on the publication date of the final results.

 

The final rates may not be approved by the World Trade Organization and the Court of International Trade, which are now hearing challenges to the methods used to calculate the duties in cases other than the shrimp 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).  September Deadline Nearing for US Higher Duty Rates on Thai, Indian, Vietnamese Shrimp.  Michael Ramsingh (phone 1-732-240-5330, email michaelramsingh@seafood.com).  August 5, 2014,

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