S. 2979 — India Shrimp Tariff Act

This bill addresses shrimp imports from India, including by phasing in an increased rate of duty for shrimp and prawns originating from India. Specifically, the bill requires the general rate of duty for shrimp and prawns originating from India to be (1) 10% for 2024, (2) 20% for 2025, and (2) 40% for 2026 and after. The Office of the U.S. Trade Representative must take the necessary steps to modify the Schedule of Concessions to accommodate the increase in the rate of duty applicable under this bill. (Each World Trade Organization member country has its own Schedule of Concessions on goods. These schedules are legal instruments that describe the treatment a member country must provide to t...