US rules favourably for Thai frozen shrimp duties; more competition in view

[webfact]

US rules favourably for Thai frozen shrimp duties; more competition in view
By English News



BANGKOK, Sept 24 – The United States International Trade Commission (USITC) has ruled that subsidies for frozen warmwater shrimp from China, India, Malaysia, Vietnam and Ecuador have not materially injured the US industry, a senior Thai Commerce Ministry official said.

Pranee Siripan, Foreign Trade Department director general, said the USITC announced on Friday that the imports of frozen shrimp from the five countries would continue without them having to be subject to countervailing duty determinations (CVD).

Thailand and Indonesia were cleared of a similar charge on August 19. Thai shrimp exporters can ask for a CVD refund plus 2.09 per cent interest it has posted since a preliminary investigation of the case in May.

She said the USITC decision would put Thailand on the same competitive level as other exporting countries, compelling Thai exporters to boost their efficiency in terms of quality and product diversity. (MCOT online news)


-- TNA 2013-09-24

[Mampara]

you mean that the yanks are actually gonna eat fresh water shrimps from our contaminated waters ??

[selftaopath]

How does Thailand respond to import items from America, or anywhere for that matter? LOL I think I know the answer, but could be wrong.

[Neilly]

She said the USITC decision would put Thailand on the same competitive level as other exporting countries, compelling Thai exporters to boost their efficiency in terms of quality and product diversity.

That'll be another defeat snatched from the jaws of victory then

[spirit47]

you mean that the yanks are actually gonna eat fresh water shrimps from our contaminated waters ??

They use it as antibiotic medicine for the chicken farms...

I hope so...

[Bottlerocket]

How does Thailand respond to import items from America, or anywhere for that matter? LOL I think I know the answer, but could be wrong.

60% for shrimp

[noitom]

It looks like Thais have been managed into price awareness and told to manage their efficiency better in order to avoid being put back on the case list.

[NeverSure]

The US government is a sucker. It allows imports duty free, but its exports are heavily taxed on arrival in the foreign country. This isn't a level playing field.

Yes, If the US catches a foreign government subsidizing its exports, it will impose a duty, but then it will lift the duty just as fast.

The US last year had a trade deficit well over 500 billion dollars. If it had taxed the imports of about 2.7 trillion dollars just 30%, the money would fund the military or any number of things. Link

More important, it would drive jobs back to the US. It is already questionable as to how much is saved by manufacturing overseas due to rising wages in and shipping costs first of raw materials, and then back with finished product.

Yes, Thailand charges 60% duty on US shrimp, and the US charges zip for Thai shrimp imports.

As of 2010, and I posted a link in another thread, the US was the largest buyer of Thai exports. Those goods should all be taxed at 60% and Thailand would go away because people wouldn't pay it. The goods would suddenly be made in the US, creating US jobs.

That, my friends, is being a sucker.

[HUAHIN62]

Unfortunately 70% of the US GDP is generated by consumer spending, any increase in import tariffs will increase consumer prices and decrease consumer spending and thus a decline in GDP, more unemployment and more food stamps. Tariffs will also not make up for climatic conditions, one of the reasons why countries like Thailand can produce shrimp at low prices are its warm weather which increase the growth rate of the shrimps. The other problem for the US is the WTO which will intervene if the US impose unfair tariffs. The US can however take any country on at the WTO if it feels that such a country is imposing unfair tariffs on US products. The 60% Thai tariff on US shrimp has not been taken to the WTO, because the US don't export any shrimp to Thailand and taking away the 60% won't change that.

The only way out for the US to regain competitiveness in production is by exchange rate manipulation. If they let the $ decline by 25% or more, production will restart in the US. This will increase imported inflation but over the longer term is the only solution.

[RubbaJohnny]

Under the Amity treaty a certain quota of bottom feeders are exchanged.

E pluribus Stun 'em

[purushanti]

Now it is OK for the US to import Thai shrimp?....... Does this means the "early death syndrome" (for shrimp) is no longer a threat? Yet another story, pehaps, that has no follow-up or resolution----or can someone provide a link that says we can now eat the shrimp---safely?