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Hit by US suit, Indian shrimp exporters look to Japan, China
Cochin, Mar 02: Indian seafood exporters are eyeing markets in Japan and China after an antidumping lawsuit filed in the United States halted shrimp shipments there, an association official said on Tuesday.
Cochin, Mar 02: Indian seafood exporters are eyeing markets in Japan and China after an antidumping lawsuit filed in the United States halted shrimp shipments there, an association official said on Tuesday.
India's Seafood Exporters Association said since the US International Trade Commission ruled in favor of possible tariffs on shrimp imported from India and five other countries, exports to the United States have stopped. "We have been badly affected. There is no shrimp export happening to the US now. We are trying to develop new and existing markets," association's secretary Sandu Joseph told reporters. Shrimp processors are now looking to markets in Japan and China to pick up the slack, Joseph said. The United States is India's second-largest shrimp buyer after Japan. Nearly a quarter of Indian shrimp exporters' USD 1-billion per year earnings come from American imports. The ITC ruled on February 17 there was a "reasonable indication" that cheap shrimp imports from India, Brazil, China, Ecuador, Thailand and Vietnam have hurt the US industry. The ruling came after a petition by American shrimpers alleging that shrimp imported from the six countries slashed the value of US-harvested shrimp by more than half between 2000 and 2002 -- from USD 1.25 billion to USD 560 million. The US Southern Shrimp Alliance also claimed employment has dropped by 40 per cent. India's Seafood Exporters Association expects exports to the United States to pick up only if the US Department of Commerce rules in favor of India and five other countries when it takes up the antidumping case in June. Bureau Report
India's Seafood Exporters Association said since the US International Trade Commission ruled in favor of possible tariffs on shrimp imported from India and five other countries, exports to the United States have stopped. "We have been badly affected. There is no shrimp export happening to the US now. We are trying to develop new and existing markets," association's secretary Sandu Joseph told reporters. Shrimp processors are now looking to markets in Japan and China to pick up the slack, Joseph said. The United States is India's second-largest shrimp buyer after Japan. Nearly a quarter of Indian shrimp exporters' USD 1-billion per year earnings come from American imports. The ITC ruled on February 17 there was a "reasonable indication" that cheap shrimp imports from India, Brazil, China, Ecuador, Thailand and Vietnam have hurt the US industry. The ruling came after a petition by American shrimpers alleging that shrimp imported from the six countries slashed the value of US-harvested shrimp by more than half between 2000 and 2002 -- from USD 1.25 billion to USD 560 million. The US Southern Shrimp Alliance also claimed employment has dropped by 40 per cent. India's Seafood Exporters Association expects exports to the United States to pick up only if the US Department of Commerce rules in favor of India and five other countries when it takes up the antidumping case in June. Bureau Report