Commerce Says China, Others Subsidized Shrimp Exports

Law360, New York (May 30, 2013, 1:23 PM EDT) -- The U.S. Department of Commerce said Wednesday that China, India and three other Asian countries were unfairly subsidizing their shrimping industries, putting the U.S. one step closer to levying countervailing duties.

Issuing the preliminary findings of a countervailing investigation launched in January, Commerce said China and India — as well as Malaysia, Thailand and Vietnam — had provided countervailable subsidies to their local exporters of wild and farm-raised frozen warmwater shrimp.

However, the agency also found that two other countries involved in the probe — Indonesia and...
To view the full article, register now.