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US panel rules against shrimp imports from Asia, South America

AFP, Wuhingtan
The quasi-judicfal US International TYade Commission (ITC) ruled after a one-year probe Thursday that Thailand, India, China. Vietnam. Brazil and Ecuador were dumping shrimp at unfair prices.
But the commission left open the possibility of reviewing the cases of Thailand and India if their shrimp industries had been hit by the deadly tsunami that ravaged through the coast of II Indian Ocean nations last week.
The ITC ruling paves the way for the Department of Commerce to order tariffs expected to average 17 percent on frozen shrimp imported from the six countries.
"They (members of the commission) made affirmative determinations with respect to certain noncanned warmwater shrimp and prawns from all six countries, finding that an industry in the United States is materially injured by reason of imports of these products," the ITC said in astatement.
Frozen shrimp accounts for nearly all of US imports.
The Commerce Department had earlier imposed import duties for Ecuador at 2.35-4.48 percent, 5.02-13.42 percent for India, 5.79-6.82 percent for Thailand, 9.69-67.80 percent for Brazil, 27.89 to 112.81 percent for China and 4.13 to 25.76 percent forVietnatn.
The ITC said it would "collect
information and invite submissions on whether the tsunami's impact" on industries in India and Thailand warranted a so-called "changed circumstances review."
The provision allows the commission "to address situations in which changed circumstances warrant review of an injury determination that has culminated In the issuance of an antidumping order."
Thailand, the largest exporter of shrimp to the United States, had already filed a complaint to the World TYade Organization, saying the duties violated trade rules.
US imports nearly 90 percent of its shrimp, the number one seafood consumed in the world's richest country.
The domestic shrimp industry blames a 32 percent drop in the. price of imported shrimp over the past three years for wrecking profit and causing a drastic decline in the US harvest of shrimp.
But importers contend that the US industry, which relies on catching shrimp in the wild, simply cannot compete with the low-cost, farm-raised shrimp shipped from the countries targeted in the dumpingcase.
The Southern Shrimp Alliance, grouping US shrimpers from southern states of North Carolina. South Carolina. Georgia, Florida, Alabama, Mississippi, Louisiana . and Texas, hailed the ITC decision Thursday