The United States International Trade Commission has ruled that imports of frozen warmwater shrimp from Vietnam, along with Ecuador and India, are being subsidised by their respective governments, causing material injury to the US shrimp industry, according to a press release from the organisation. The US Department of Commerce had previously determined that these imports seemed to be unfairly priced, prompting the investigation.
As a result, the US will likely impose countervailing duties on shrimp imports from Vietnam, Ecuador, and India. Additionally, imports from Indonesia, deemed to be sold at less than fair value, will face antidumping duties.
This decision could impact Vietnam’s seafood export sector, which is a key contributor to the nation’s economy. The shrimp industry, in particular, may face challenges in maintaining its competitive edge in the US market, one of its largest export destinations.
A detailed public report from the USITC, titled Frozen Warmwater Shrimp from Ecuador, India, Indonesia, and Vietnam, is expected to provide further insights into the investigation’s findings. The report, scheduled for December 2024, will outline the commission’s views and the evidence collected during the case.
See also: Seafood Processing in Vietnam