Shrimp in five countries subsidies seems to be weakening U.S. prices and importers must pay up to nearly 63% in bonds to offset subsidies, the U.S. Commerce Department said on Wednesday.
Order affects frozen warm water shrimp from China, India, Malaysia, Thailand and Vietnam.
"It was a beautiful day, which means that shrimp imports into the country will face a considerable proportion of at least some temporary tariff level until ultimately determine the amount to be raised, if any," said David beef, executive director of the five Gulf of Mexico states, Georgia and North Carolina on behalf of a group of shrimp processors.
Subsidies in Ecuador and Indonesia too small, injured the domestic industry, but investigators will go to these countries, as well as for further investigation of the other five departments said.
Its final decision on August 13 expires.
After preliminary investigation, the department asked from each country one or two companies to provide information about their sources of income.
Spread within a country the largest subsidies, citing the highest rate of Malaysia, investigators said the company received a subsidy rate of 10.8%, while 62.74%. Higher rate will apply to all other producers and exporters, it said.
Initial rate of imports from other countries are: India, 10.8%, China 5.76%, Vietnam, 6.07%, 2.09%, and Thailand.
"No one's mind to compete with anyone, but it is very difficult for a small business in this country compete with foreign governments," Dallas said. "This is the situation we find ourselves in."
The group's lawyer, Edward T. Hayes says, Ecuador and Indonesia are not off the hook. "Their numbers have yet to be verified Commerce Department .... (final) figures may be higher, which is quite common."
Whatever the state audit found, he said, "This is just one half of the story, what it means, if we do not do not win the case, the International Trade Commission, which is a completely separate process."
ITC will send questionnaires to the industry, there will be a hearing, he said.
, "Hayes said:" We believe we will be able to show that the subsidized imports are causing injury.
 



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