US approves anti-dumping duties on frozen shrimp imports | (अमेरिकी अंतर्राष्ट्रीय व्यापार आयोग ने जमे हुए झींगा आयात पर प्रतिकारी शुल्क को मंजूरी दी )

Main Points In Hindi (मुख्य बातें – हिंदी में)

1. शुल्क लागू करना: अमेरिका के अंतर्राष्ट्रीय व्यापार आयोग (आईटीसी) ने भारत, इक्वाडोर, वियतनाम, और इंडोनेशिया से जमे हुए झींगा पर शुल्क लगाने का निर्णय लिया है, क्योंकि उन्होंने पाया कि अमेरिकी उद्योग उन उत्पादों के आयात से नकारात्मक रूप से प्रभावित हो रहा है।

2. काउंटरवेलिंग शुल्क (सीवीडी): अमेरिकी वाणिज्य विभाग ने भारतीय झींगा पर 5.7% सीवीडी लगाया, जबकि इक्वाडोर के लिए 3.75%, और इंडोनेशिया एवं वियतनाम के लिए 2.84% लगाया गया है, जिससे भारतीय निर्यातकों को अतिरिक्त लागत का सामना करना पड़ेगा।

3. प्रतिस्पर्धात्मक लाभ: विश्लेषकों का मानना है कि इक्वाडोर की कंपनियों के पास भारतीय कंपनियों की तुलना में सीवीडी पर लाभ है, जो भारतीय निर्यातकों की मार्केट स्थिति और लाभप्रदता को प्रभावित कर सकती है।

4. अर्थव्यवस्था पर प्रभाव: भारतीय समुद्री खाद्य उद्योग को नुकसान होगा, क्योंकि 5.77% सीवीडी की दर अमेरिका में झींगा के कीमतों को बढ़ाएगी। इससे अमेरिकी ग्राहकों के लिए झींगा उत्पाद अधिक महंगा होगा।

5. बाजार का महत्व: अमेरिका भारतीय झींगा का सबसे बड़ा बाजार है, जिसमें पिछले साल 2.9 अरब डॉलर के निर्यात का आंकड़ा प्रस्तुत हुआ, जो कुल समुद्री भोजन निर्यात का 40 प्रतिशत है।

Main Points In English(मुख्य बातें – अंग्रेज़ी में)

Here are the main points from the article regarding the U.S. International Trade Commission’s decision on frozen shrimp imports:

1. Imposition of Countervailing Duties: The U.S. International Trade Commission (ITC) has voted to impose duties on frozen shrimp imports from India, Ecuador, Vietnam, and Indonesia, determining that U.S. industries are negatively impacted by these imports.

2. Specific Duty Rates: The U.S. Commerce Department has set countervailing duties (CVD) for these countries: 5.7% for Indian shrimp, 3.75% for Ecuadorian shrimp, and 2.84% for shrimp from Indonesia and Vietnam.

3. Impact on Indian Exporters: Analysts suggest that Indian shrimp exporters will face additional costs associated with the increased CVD, which may affect their profitability and market position, especially in comparison to Ecuadorian companies benefiting from lower duties.

4. Market Dynamics: The imposed duties could lead to higher seafood prices in the U.S., as the country relies on imports to meet domestic demand for shrimp. This move could make shrimp products more expensive for American consumers.

5. Significance of the U.S. Market: The U.S. is a crucial market for Indian seafood, accounting for approximately 40% of India’s total seafood exports, worth around $2.9 billion in the past year. The new duties pose a challenge to maintaining this significant trade relationship.

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Complete News In Hindi(पूरी खबर – हिंदी में)

Complete News In English(पूरी खबर – अंग्रेज़ी में)

The U.S. International Trade Commission (ITC) has voted to impose tariffs on frozen shrimp imports from India, Ecuador, Vietnam, and Indonesia, after determining that U.S. industry is negatively affected by these imports. This decision surfaced after the U.S. Department of Commerce decided to implement higher countervailing duties (CVD).

Nitin Awasthi, an analyst at Incred Capital, noted that Indian shrimp exporters will be impacted by this decision as they will have to bear additional costs due to the increased CVD, especially for sales completed in the last six months. This could potentially affect their financial results. He also mentioned that Ecuador has a competitive advantage over Indian companies concerning CVD, which could impact the market situation and profitability for Indian exporters.

The U.S. Department of Commerce has set a CVD of 5.7% on Indian shrimp, compared to 3.75% for Ecuador and 2.84% for Indonesia and Vietnam.

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The decision to impose these anti-dumping or CVD duties was made after the American Shrimp Processors Association filed a trade complaint against India, Ecuador, Indonesia, and Vietnam. However, Ecuadorian companies managed to negotiate a much lower CVD, while Indian firms were surprised by the initial higher rates. Awasthi emphasized that Ecuador retains a competitive edge regarding CVD over Indian companies, which will affect Indian exporters’ market position and profitability.

Sources from the industry indicated that a CVD rate of 5.77% would put Indian seafood at a comparative disadvantage. India is a major seafood supplier to the U.S., with shrimp exports reaching $2.9 billion last year, making up 40% of total seafood exports from India. The new tariffs are likely to raise prices for consumers in the U.S., ultimately making this measure counterproductive.



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