DOC Issues Final Antidumping, CVD Rates for Shrimp Imports from Ecuador, Indonesia, India, Vietnam
The U.S. Department of Commerce announced its final determinations in the antidumping duty (AD) investigations of frozen warmwater shrimp from Ecuador and Indonesia and the countervailing duty (CVD) investigations of frozen warmwater shrimp from Ecuador, India, Indonesia, and Vietnam.
Find the Final Dumping Rates for Shrimp from Ecuador and Indonesia below:
The final AD rates indicate that Industrial Pesquera Santa Priscila S.A. / Tropical Packing Ecuador Tropack S.A will pay a 0.48% rate. For Indonesia, PT First Marine Seafoods / PT Khom Foods and “all other” parties will pay a 3.90% rate.
These rates are noticeably lower than those first announced in the preliminary determinations. Back in May, SeafoodNews reported that Sociedad Nacional de Galápagos C.A. / Marina del Rey was set to face a 10.58% dumping rate; now, that will be zero.
The impacted Indonesian firms also saw their rates nearly slashed in half, with preliminary determinations at 6.30% in the spring of 2024.
Find the Final Subsidy Rates below:
Ecuador’s Industrial Pesquera Santa Priscila S.A. and Sociedad Nacional de Galapagos C.A. will pay a 3.57% and 4.41% duty, respectively. This is cut for Santa Priscila, but the final rates are slightly higher for Sociedad Nacional. “All others” were hit with a 3.78% rate, down from the initial rate of 7.55%.
Meanwhile, India will see the following parties face a 5.87% rate: Devi Sea Foods Limited, Devi Sea Foods Inc., Devee Horizon LLP, Devee Power Corporation Limited, and Devee Superior Feeds Limited. Sandhya Aqua Exports Pvt. Ltd., Neeli Sea Foods Private Limited, Vijay Aqua Processors Private Limited, and Neeli Aqua Farms landed a slightly lower 5.63% rate. “All others” landed in the middle of the others with a 5.77% rate.
Indonesian firms PT Bahari Makmur Sejati and PT First Marine Seafoods / PT Khom Foods were hit with subsidy rates under 1%.
Finally, Vietnam saw Soc Trang Seafood Joint Stock Company and “all others” landed a 2.84% CVD, on par with preliminary determinations. Thong Thuan Company Limited was hit with a whopping 221.82% CVD. The ITA noted that the rate was based on “adverse interferences.”
What’s Next
The International Trade Administration (ITA) provided a case calendar with dates for the next steps of the investigation. With the final determination for the AD/CVD investigations wrapped up, the International Trade Commission is set to issue its final determination on December 5, 2024. An issuance of orders will occur the following week on December 12, 2024.
The petitioner, in this case, is the American Shrimp Processors Association, who, according to their website, participated in the final hearing this morning on the petition it brought on behalf of the U.S. shrimp industry.
“ASPA’s petitions seek relief from unfairly traded imports from Ecuador, India, Indonesia, and Vietnam due to illegal dumping and unfair subsidies,” per the update on its website. The group initially filed its petition on October 25, 2023, per the case calendar. SeafoodNews covered the preliminary CVD rates on shrimp back in March.
The ITA provided recent import data for all of the impacted countries, all of which are among the top importers of shrimp into the U.S.
The total volume and value of shrimp exports from the impacted countries from 2020-2022, per the ITA, are shown below.
Ecuador:
Total Volume: 489,713,179 kg
Total Value: $3,505,731,526 USD
India:
Total Volume: 911,403,919 kg
Total Value: $8,015,448,892 USD
Indonesia:
Total Volume: 436,052,102 kg
Total Value: $4,121,655,896 USD
Vietnam:
Total Volume: 178,601,348 kg
Total Value: $2,095,957,996 USD
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