Shrimp exporters seek govt help ahead of US duty review on shipments

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Shrimp exporters seek govt help ahead of US duty review on shipments - Business Standard

Quick Summary:

Indian shrimp exporters are keeping their fingers crossed as the US is set to begin its review of anti-dumping and countervailing duties on shrimp next month, and are seeking government intervention to help secure relief amid stiff global competition, industry experts say.

The exporters said that the formula of the US to calculate these duties is incorrect, and the Indian government should take up the issues with them bilaterally, as domestic traders are facing tough competition from Ecuador and Vietnam in the American market.

Both are WTO-compliant duty refund schemes only," Kolkata-based seafood exporter and MD of Megaa Moda Yogesh Gupta said.