Thai shrimp producers are looking to a boost in exports after Washington finally waived countervailing duty (CVD) charges - a tax on subsidies - in a final decision announced by the US Commerce Department on Tuesday.
Trays of shrimp for export travel along a processing line at Thai Union Frozen Products Plc's factory in Mahachai, Samut Sakorn province, in March, 2011. (Bloomberg Photo)
Under a preliminary decision announced on May 28, Thai frozen shrimp exported to the US faced a 2.09% CVD tax, and would have to place bonds as collateral for exports into the US.
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