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Global support for India in shrimp duty case
INDIA - The country’s shrimp exporters see a major breakthrough in the US anti-dumping duty case, with a host of countries, including Brazil, China, Vietnam, Japan and South Korea, strongly supporting India at the ongoing World Trade Organization (WTO) panel hearing.According to experts in international trade, the global support may positively influence the final decision of the WTO panel — expected by October 2007 — in the country’s favour. The panel has fixed the final hearing on the cases of India and Thailand on July 24.
Many of the countries supporting India have also been the victims of the US anti-dumping duty and they see that a decision favouring India will have a positive impact on their marine exports too.
In August 2004, the US imposed exorbitant duties on warm water shrimp exports from India, Thailand, China, Brazil, Vietnam and Ecuador. Recently, the US Department of Commerce (DoC) dropped the duty on Ecuador on instructions from the WTO.
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Source: Business Standard
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