Shrimp ex­ports to US face anti-sub­sidy du­ties

China Daily (Hong Kong) - - BUSINESS DIGEST -

The US Com­merce Depart­ment ruled on Tues­day that China and four other coun­tries have been re­ceiv­ing sub­si­dies for their shrimp prod­uct ex­ports to the United States. The rul­ing ap­plies to shrimp im­ports from China, In­dia, Ecuador, Malaysia and Viet­nam. The US In­ter­na­tional Trade Com­mis­sion will eval­u­ate whether the al­leged sub­si­dies have threat­ened shrimp com­pa­nies in the US, and if proven, tar­iffs of up to $1.7 bil­lion will be im­posed on shrimp im­ports from the five coun­tries.

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