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Vietnam
trade
minister says trade duties designed to protect
U.S.
shrimp farmers
Tran
Duc Minh, Vietnamese deputy trade minister,
said major shrimp export countries Vietnam
and India should view the duty imposed
by the United States as simply a protectionist
measure to shield its shrimp farmers, according
to newswire Expressindia.
Minh
was speaking on the sidelines of a seminar
in Kolkata on Vietnam-India business
relations organized by the Bengal National
Chamber of Commerce & Industry. US shrimp farmers were much richer than
their Vietnamese and Indian counterparts,
Minh pointed out, stressing joint efforts
should be initiated to protect the interests
of the poor.
The
US’ International Trade Commission
is slated to review the anti-dumping duty
in February this year.
In
January 2005, the commission imposed an
anti-dumping duty of 10 per cent on Indian
shrimp and tariffs ranging from 9.13 percent
to 25.76 percent on Vietnam’s
exports.
Anti-dumping
duties are applied when the price of goods
exported is below the price
charged in the exporter country’s domestic
market.
Minh
said Vietnamese and Indian shrimps were
legitimately cheap and the commission’s
investigation, which brought about the anti-dumping
duty, left “a great deal of questions
unanswered.”
However, the issue should be multilaterally
addressed by all the affected countries before
the commission made the review in February,
Minh said.
Source: Expressindia
Story from Thanh Nien News
Published: 19 January, 2006, 12:28:54 (GMT+7)
Copyright Thanh Nien News
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