The United States Wednesday announced anti-dumping duties on
imports of Chinese shrimp as high as 113 percent, a move that will
hurt both US consumers and Chinese shrimp farmers.
The US Department of Commerce said it found, with the exception
of one Chinese producer, shrimp were being sold in the United
States at a "less than fair value."
It set punitive anti-dumping duties in a range of 27.89 to
112.81 percent, which raises the floor tariff from 7.67 percent
under the preliminary ruling in July.
One step remains before the tariffs are implemented. The US
International Trade Commission will meet on January 12 next year to
decide whether shrimp imports threaten the US industry and, if so,
to issue the final anti-dumping order.
Chinese shrimp farmers and exporters strongly opposed the US
ruling, claiming they are not dumping.
Jiang Mingkai, a manager from the Zhonglian Aquatic Product Co,
said: "If we sell at below-cost prices or prices lower than in the
domestic market, we cannot make a profit."
The company exported 3,600 tons of shrimp at a price of US$5,000
a ton last year.
An official from the Chinese Shrimp Industry Alliance said
earlier that Chinese shrimp producers were able to sell at prices
far lower than American shrimp producers because they invested in
modern technology for their shrimp farms and have lower labor
costs.
Chinese producers farm shrimp, while their US counterparts
harvest the crustaceans from the sea.
The ruling may threaten the livelihood of millions of Chinese
shrimp farmers after the US door closes.
US consumers will also face a price hike. More than 90 percent
of the country's shrimp are imported from other countries.
(China Daily December 2, 2004)