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FISHERY
PRODUCTS TRADE POLICY HIGHLIGHTS - AUGUST 2004 |
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| EU Proposes New Fund For Fisheries |
| The European Commission is proposing a new European Fund for Fisheries (EFF) to provide EUR 4.963 billion in aid to the European fishery industry for the period 2007-2013. The
EFF is intended to help industry comply with provisions of the Common Fisheries Policy reform, and focuses mainly on sustainable management and environmental measures. The EFF targets five priority areas, including measures for the adjustment of the EU fishing fleet (to support fishermen’s investments in new fishing techniques and permanent removal of vessels), aquaculture
processing (such as investments to reduce the negative impacts of aquaculture on the environment and improve product quality), and sustainable development of coastal fishing zones (aid to reduce dependence on fishing, including diversification of local economies e.g. the support of “green tourism”). Although the trade implications are unclear at this time, reduced
production capacity could result in increased demand for third country imports in the growing EU seafood market. |
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| EC Imposes Safeguard Measures on Imports of Farmed Salmon |
| On August 12, 2004, the European Commission announced provisional safeguard measures on imports of farmed salmon, effective through February 6, 2005. Tariff rate quotas were set at EUR 522 per metric ton (MT) for non-fillets and EUR 722 per MT ton for fillets. The action was taken in response to a 22-percent increase in salmon imports since 2000, to 455,948 MT in 2003; much of it from Norway. U.S. exports of farmed salmon to the EU are negligible. |
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| DOC Amends Preliminary Antidumping Determinations on Shrimp from Brazil, China and Vietnam |
| On August 24, 2004, the Department of Commerce (DOC) announced amendments to the preliminary determinations in the antidumping duty investigations on imports of certain frozen and canned warmwater shrimp from Brazil, China, and Vietnam. These amendments resulted from corrections of computational errors. As a result of the amendments, the DOC changed the preliminary margins for one Brazilian respondent and the Brazilian "All Others" rate was reduced from 36.91
to 23.66 percent. In addition, the DOC found that two Chinese producers/exporters and one Vietnamese producer/exporter are now eligible for a "separate rate." The DOC is due to make its final determination later this fall. If the DOC makes a final affirmative determination, the International Trade Commission is expected to make its final injury determination on or about December 23, 2004. |
