The International Trade Commission held a hearing in Washington, DC Tuesday after the U.S. Department of Commerce found that shrimp from Malaysia, China, Ecuador, India and Vietnam are benefitting from illegal government subsidies of between 5 and 55 percent.
To address the problem, U.S. shrimpers have brought a trade lawsuit before the U.S. International Trade Commission.
At the hearing Congressman Walter B. Jones (NC-3) supported Eastern North Carolina shrimpers' call for penalties against illegally subsidized foreign shrimp.
"The shrimp industry is a source of much-needed jobs in Eastern North Carolina and throughout the southern United States," said Congressman Jones. "The American government should not stand by and watch as domestic producers are unfairly put out of business by illegally subsidized imports."
Congressman Jones and 11 of his congressional colleagues submitted testimony for the hearing which highlighted how illegal subsidies allow foreign producers to sell their product below market rates.
To provide relief from the illegal subsidies, Congressman Jones and his colleagues called on the ITC to impose duties on shrimp from the offending countries.
The ITC is scheduled to make a final determination on the matter on September 19th.
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