Federal officials investigating subsidized shrimp imports
Published: January 21,2013
GULF OF MEXICO — The U.S. Commerce Department says it is investigating subsidies in seven nations for frozen warmwater shrimp. Gulf of Mexico shrimp processors had asked for the investigation of subsidized imports from China, Ecuador, India, Indonesia, Malaysia, Thailand and Vietnam.
“We continue to believe that the long-term survival of the entire Gulf shrimp community is at stake with this case,” said Eddy Hayes, attorney of the Coalition of Shrimp Industries, a group that had asked for the investigations. They claim that subsidies let other countries undercut local prices, hurting the industry and costing jobs.
It will be months before any decision on whether to impose duties to offset foreign subsidies, David Veal, executive director of the Coalition of Shrimp Industries, told The Times-Picayune.
The coalition formally asked for the investigations on Dec. 28.
An initial assessment found reason to investigate 117 of 133 subsidy programs alleged by the coalition, the Commerce Department said Friday. They cover frozen warm-water shrimp and prawns packed with marinade, spices or sauce. Investigators won’t look at programs for fresh, breaded, cold-water, or other types of shrimp.
The U.S. International Trade Commission will work with Commerce in examining the alleged subsidies from 2011.
Most shrimp imported in 2011 — about $1.4 billion worth — came from Thailand. Ecuador and Indonesia were next with imports worth about $512 million and $493 million respectively, according to Commerce.
It said total shrimp imports from those seven countries were worth about $4.2 billion.
A legal group formed by the Southern Shrimp Alliance, a shrimpers’ organization, has been named a party to the investigation.
To sign up for Mississippi Business Daily Updates, click here.
Mississippi Economic Council
Mississippi Chambers of Commerce
Mississippi State Legislature
Mississippi Development Authority
Mississippi Economic Development Council
North Mississippi News
Social Security Disability Lawyer
Auto Accidents Lawyer
Top Posts & Pages
- Ingalls to lease former SRHS clinic in Gautier for employee medical center
- Shale oil: market correction or longterm direction?
- Miss. surgeon sentenced in tax evasion case
- Aluminum company rumored for Columbus: 'clock' is for website, not plant site
- WRESTLING SUCCESS — Ted DiBiase Jr. leaves ring to become entrepreneur
- Firm adds Brian T. Alexander
- Williams Brothers General Store is something to count on
- Hyatt-Place is Columbus’ newest hotel option
- Two new casinos like the odds on Mississippi Gulf Coast