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Friday, July 19, 2024

U.S. imposes preliminary countervailing duties on shrimp imports from Vietnam

By Truc Dao

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HCMC – The United States Department of Commerce (DoC) has announced the imposition of preliminary countervailing duties on frozen warm water shrimp imports from Vietnam, according to a preliminary conclusion released in late March.

The decision follows an investigation initiated on November 14, 2023, at the request of the American Shrimp Processors Association, with investigation period from January 1 to December 31, 2022.

After thorough consideration, the DoC has set a countervailing duty rate of 2.84% for one Vietnamese compulsory business and other exporters. However, one Vietnamese exporter, who did not participate in the investigation, faces a countervailing duty rate of 196.41%.

Following the release of the preliminary conclusion, Vietnamese shrimp exporters will be required to deposit a specific amount for each shipment exported to the U.S., in accordance with the rates outlined in the preliminary conclusion.

This decision comes after the U.S. Trade Remedies Authority received a request to investigate anti-subsidy and anti-dumping practices for frozen warm water shrimp imported from various countries, including Vietnam. The products identified under certain HS codes were subject to this investigation.

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