Import duty on shrimp from the US may be cut

India may lower duties on shrimp imports if the US reciprocates in the proposed bilateral trade agreement, according to two people close to the discussions.

- Vijay C. Roy & Dhirendra Kumar

NEW DELHI:

The commerce ministry is closely monitoring the US department of commerce's actions on countervailing duty (CVD) and anti-dumping duty (ADD) on shrimp imports from India, the officials said on the condition of anonymity.

Indian shrimp exports to the US face an effective customs duty of 17.7%, including CVD and ADD, and a 10% baseline tariff imposed on 2 April. India levies a 30% duty on US-origin Pacific white shrimp. India is keeping a "close watch" on these developments and may consider recalibrating its own duties on shrimp imports if the US undertakes a revision, the first official said.