Financial Daily from THE HINDU group of publications
Saturday, Feb 05, 2005
Agri-Biz & Commodities
US trade body invites comments on tsunami impact on seafood sector
Kochi , Feb. 4
THE US International Trade Commission (ITC) has invited comments from the public and interested parties on the impact of tsunami on seafood industries in India and Thailand to determine whether the present situation warrants a review of the anti-dumping duty imposed on shrimp imports from these countries.
The ITC said in a statement that written comments must be filed with its Secretary by March 25 this year.
"Information submitted to the Commission should address the impact of the tsunami on the ability of the shrimp industries in India and Thailand to produce and export shrimp to the US," the statement said.
The information may include an analysis of the condition of shrimp hatcheries, ponds, fishing fleet and processing and storage facilities after the tsunami disaster struck in December last year.
Estimates of the share of the countries' historical production that has been impacted by the tsunami and estimates of the cost and time required to repair, re-stock, or rebuild any damaged or destroyed production, storage, or transportation infrastructure may also be provided to the ITC.
Besides, any data on current inventories of shrimp in these countries, which may be exported to the United States, can also be presented.
The Commission will make its determinations regarding institution of review investigations within 30 days of the close of the comment period.
All submissions, except for business proprietary information, will be available for public inspection, the statement said.
While upholding anti-dumping duties imposed by the US Department of Commerce on shrimp imports, the ITC had stated that it may review the case of Thailand and India in view of the impact of tsunami on the countries' seafood sectors.
A decision whether changed circumstances reviews will be instituted in the case of India and Thailand is to made after the collection and analysis of the information submitted, ITC said.
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