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ผู้เขียน หัวข้อ: US court rules shrimp bonds unfair  (อ่าน 2182 ครั้ง)
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« เมื่อ: ธันวาคม 16, 2006, 12:55:01 PM »

Source: Financial Express  World News    14/12/2006 19:59:20
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The seafood export industry has received a shot in the arm with the US Court of International Trade (CIT) ruling that the additional bonding requirements imposed by the customs and border protection (CBP) for shrimp were against the law. It added that they were not fairly applied, imposing an excessive burden on international trade.

 

An additional support to the Indian cause, which has been taken up even at the WTO, who recently appointed a panel to look into the matter, came from the US Government Accountability Office (GAO), an independent, nonpartisan body responsible for federal government oversight. In its recent report the office said that the bonds were inconsistently applied and might impose an excessive burden on international trade.

 

Seafood exporters here, while welcoming this ruling, said that it would lend support to India’s fight at the WTO level against continuous bonds. The preliminary ruling of CIT was based on a plea by the National Fisheries Institute (NFI), a union of those in the seafood trade, which challenged CBP’s requirement that companies importing shrimp subject to anti-dumping duty orders should obtain a continuous entry bond.

 

The bond amount, matching their anti-dumping duty cash deposits, was over and above the duty paid. This, NFI said, was effectively requiring double the amount of security required under the anti-dumping duty law. The institute had argued that this was contrary to the law and shrimp importers were uniquely and unfairly singled out for this additional bonding requirement. It was in August 2004 that the CBP implemented the new rule asking importers of agriculture or aquaculture products, subject to duties, to post bonds equal to the value of shipments imported during the previous 12 months.

 

In December 2005, NFI and 27 of its members moved the CIT seeking an injunction against the CBP order.

 

A final decision on whether the CBP’s actions were “arbitary and capricious” would be sometime next year.

 

The GAO report, which comments on the unfair treatment, had also called for a thorough examination of the impact of CBP policies on importing business in the US.

 

Meanwhile, the anti-dumping duty on six shrimp exporting countries does not appear to have reversed growth in the US shrimp imports. According to statistics, US imports in October alone were a record 140 million pounds, 13% higher than the same month last year. Incidentally while all shrimp varieties were up, only black tiger shrimp, exported mainly from India, declined by 26%.

Source or related URL: http://www.financialexpress.com
 
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