US imposes anti-subsidy tariff on Vietnamese frozen shrimp
(VOV) - The US Department of Commerce (DOC) announced on May 29 that it will impose anti-subsidy tariffs of nearly 63% on frozen shrimp imported from China, India, Malaysia, Thailand and Vietnam.
In its preliminary decision, the DOC will impose countervailing duties on products imported from Thailand (2.09%), from China (5.76%), from Vietnam (7.05%), from India (11.32%) and from Malaysia (62.74%).
In 2012, five Asian countries exported around 258,000 tonnes of frozen shrimp worth US$2.3 billion to the US.
Many products from these countries have been subject to different anti-dumping tariffs for several years.
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Indonesia and Ecuador – two major shrimp exporters – are exempted from anti-dumping tariffs as the DOC has found no evidence of state subsidies.
The preliminary decision was based on the results of DOC investigation into the recent petitions by shrimp producers and packagers under the US-based Coalition of Gulf Shrimp Industries. The final decision will be made in late September.