WTO US shrimp ruling benefits CPF
Charoen Pokphand Foods Plc (CPF) stands to benefit from the World Trade
Organization's ruling against the United States in an anti-dumping case
involving Thai shrimp exports. This ruling will lower US import duties for Thai
shrimp to 3.18% from the previous 6.05%.
With the new ruling now in place, CPF president and CEO
Adirek Sripratak, says he expects shrimp shipments to the US this year to amount
to 40,000 tons, as compared with 34,000 tons last year.
"Shrimp exports to the US
generally account for 20% of CPF's sales," he says, adding that it is the
biggest market for shrimp, comprising 42-43% of exports, followed by Japan at
20%, the EU at 15%, with Australia and Canada, making up the
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