Following a request from India, the United States has ordered a suo motu critical review of its anti-dumping duties on Indian shrimp imports to provide relief to the tsunami-hit marine sector. | |
| Outgoing US Trade Representative Robert Zoellick conveyed the move to Commerce and Industry Minister Kamal Nath. Nath had requested Zoellick to relax anti-dumping duties for seafood exports from India because the marine sector had been the worst affected by the tsunami. |
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| The United Nations Conference on Trade and Development (UNCTAD) has also recommended immediate trade measures by the global community, including suspension of anti-dumping actions against products from the tsunami affected countries. |
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| UNCTAD has suggested temporary provision of duty-free treatment to imports from the tsunami-hit countries, in line with WTO rules and an immediate suspension or termination of all special trade-restraining measures such as anti-dumping on goods like seafood and processed agricultural products, an official release said today. |
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| The US had earlier said it would review anti-dumping duties on shrimp imports from countries like India and Thailand in the wake of the tsunami disaster. |
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| India's marine exports are valued at over $2 billion annually, and the US market accounts for a major share. |
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