US duty on Norwegian salmon may be lifted Published: 04 January, 2007
THERE is now hope that the US will remove its 25% punitive duty on Norwegian salmon, which has been in force for more than 15 years, NRK reports.
The reason the tax was introduced was that it was alleged by the US industry that Norwegian exporters sold the salmon cheaper abroad than at home, said the Norway Post.
At the time, Norwegian salmon was dominating the US market, and the first year the export to the US dropped from 12,000 tons to 5,000 tons.
According to WTO regulations, the punitive duty has been reviewed every five years, but the US industry has managed to maintain the extra tax.
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