U.S. files anti-dumping lawsuit against shrimp products from Ecuador, Indonesia, India and Vietnam

Published Nov 2, 2023

Tridge summary

The American Shrimp Processors Association has filed an application with the US Department of Commerce to initiate an anti-dumping lawsuit against shrimp from Ecuador and Indonesia. Additionally, a countervailing lawsuit was filed against shrimp from Ecuador, Indonesia, India, and Vietnam. The US shrimp industry is facing difficulties due to declining consumer prices, and the government's priority is to protect domestic production. If the lawsuit is successful, Ecuadorian shrimp will have more sales and market share in the EU and Chinese markets, while Indonesian shrimp will compete with Vietnamese shrimp in Japan.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to recently announced news, the American Shrimp Processors Association (ASPA) has just filed an application with the U.S. Department of Commerce (DOC) to initiate an anti-dumping lawsuit against shrimp from Ecuador and Indonesia. At the same time, a countervailing lawsuit (CVD) was also filed against shrimp from Ecuador, Indonesia, India and Vietnam. With this lawsuit, the six shrimp powers in the world will be involved in the US shrimp anti-dumping lawsuit! About eight years ago, the United States launched an anti-dumping lawsuit against Vietnamese shrimp. The plaintiffs were the Southern Shrimp Alliance (SSA) and ASPA. However, the U.S. authorities concluded that Vietnamese shrimp had not received subsidies, so the lawsuit was canceled. Currently, Indian shrimp and Vietnamese shrimp are still subject to anti-dumping duties, and the plaintiff's lawsuit has continued since the end of 2003; however, the corporate tax rate for Vietnamese shrimp is 0%, and the ...

Source: Foodmate