Under theduty structure, Asia Aquaculture (M) Sdn Bhn has to pay a tax rate of10.8 percent while others are charged 54.5 percent.
The ministry also asked these companies to cooperate in every aspect of investigations conducted by foreign authorities.
The ministry said the US’ decision to levy a high tax rate isbecause the selected Malaysian companies have refused to cooperate ininvestigations by the US Department of Commerce and the US InternationalTrade Commission.
To deal with this issue, theministry and the International Trade and Industry Ministry haveestablished an action committee since the investigations started to helpinvolved companies.
Together with Malaysia, theUS department also imposed duties on shrimp imports from Vietnam (7.9percent), China (18.2 percent), India (11.1 percent) and Ecuador(13.5 percent).
According tostatistics, these five nations exported 208,000 tonnes of frozen shrimp,worth 1.7 billion USD, to the US last year.
The decision to impose the new duties will only take effect when itgets approval from the US International Trade Commission (ITC) andballots will be cast on September 19.
Followingpetitions from US shrimp producers and the Coalition of Gulf ShrimpIndustries, the DoC investigated shrimp countervailing from the fivecountries, along with major suppliers Thailand and Indonesia.However, the latter two have not been hit by import duties.-VNA
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