The U.S. Department of Commerce (DOC) has finalized antidumping (AD) and countervailing duty (CVD) rates on shrimp imports from Ecuador, India, Indonesia, and Vietnam. These measures target frozen warmwater shrimp imports that were found to be sold at less than fair value, as well as those benefiting from unfair government subsidies.
For Ecuador, the final antidumping margin is reportedly up to 11.4%, while Indonesia faces a margin of up to 37.36%. The rates for India and Vietnam are still part of the investigation but similarly aim to curb unfair trade practices in the U.S. shrimp market. The countervailing duties, which address subsidies, also apply to all four countries.
These actions are designed to protect the U.S. shrimp industry from harm caused by low-priced imports, with the U.S. International Trade Commission (USITC) also continuing its investigations to determine the impact on domestic shrimp producers. If both the DOC and USITC conclude that the imports harm the U.S. industry, these duties will be imposed.
The final AD and CVD determinations are expected by late 2024, with various deadlines along the way for preliminary findings.