U.S. International Trade Commission agrees to continue duties on foreign shrimp

The U.S. International Trade Commission voted this week to extend antidumping duties on imported shrimp from 5 countries for another five years.

The commission agreed 5 to 1 to continue the tariffs on frozen warmwater shrimp from Brazil, China, India, Thailand and Vietnam.
The agency was required to review the duties under a five-year review process set by the Uruguay Round Agreements Act.
The duties, which vary by the country, range from zero percent to more than 112 percent.
Its good news for American shrimpers who have seen cheap imports cut the value of the US shrimp harvest drastically over the past decade.
The shrimp industry fought for duties in 2003 as a flood of cheap imports left the U.S. wild-caught shrimp industry with about a 10 percent market share.
After the BP oil spill, the market share has fallen into the single digits.


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