
Government today said it will fight out the US trade panel8217;s decision giving preliminary approval for imposition of anti-dumping duties on imports of shrimp from India.
8216;8216;We will fight it out8230;We are all geared up to fight the case and industry has already hired lawyers for this,8217;8217; Special Secretary, Ministry of Commerce, S.N. Menon, said here.
Observing that New Delhi had a very strong case, Menon said India was mainly exporting 8216;8216;tiger shrimps8217;8217; which are not found there and that too in unprocessed frozen form.
In fact, 80 per cent of shrimps consumption in US is met through imports, he said, adding imports of unprocessed Indian shrimps generated about one million jobs in food processing industry there. 8216;8216;This move will affect their processing industry,8217;8217; he said.
The US International Trade Commission had given its preliminary approval for imposition of anti-dumping duties on shrimp imports from India.
The six-member quasi-judicial International Trade Commission said there was a 8216;8216;reasonable indication8217;8217; that imported crustaceans from India and five other countries were allegedly being dumped into US at unfair prices and could harm and threaten the local industry.
The ruling will be sent to Department of Commerce which will take a final view and determine if imports were being sold at unfairly low prices in domestic markets as US shrimpers charge.