The Indonesian shrimp industry is starting to feel the impact of US antidumping tariffs

Published Jul 3, 2024

Tridge summary

The Indonesian shrimp industry is facing challenges due to the imposition of U.S. antidumping duties, with a preliminary margin of 6.3 percent. This has led to increased costs and difficulty in selling to the U.S. market. Indonesian shrimp exporters are now seeking to offset these impacts by reducing costs and expanding their export markets, including China, Japan, Australia, and South Korea. The Indonesian Ministry of Marine Affairs and Fisheries is collaborating with industry stakeholders to navigate the U.S. duties and diversify export markets, aligning with the country's ambitions to increase its global market share of various seafood products by the mid-2030s.

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

Original content

Indonesian shrimp companies are beginning to feel the impacts of a recently imposed U.S. antidumping duty, leaving exporters in the country scrambling to drum up sales and reduce costs elsewhere.The U.S. Department of Commerce (DOC) launched an investigation in November 2023 following trade petitions filed by the American Shrimp Processors Association (ASPA) that claimed imported shrimp was receiving an unfair advantage in the U.S. marketplace. The investigations targeted Indian and Vietnamese companies with countervailing duties and Ecuadorian and Indonesian companies with both countervailing and antidumping duties.Through the investigation, the DOC preliminarily determined that the subsidies Indonesia's shrimp industry was receiving were insufficient to warrant countervailing duties, but found that the sector was subject to a 6.3 percent antidumping margin.Indonesia Fishery Producers Processing and Marketing Association (AP5I) Chairman Budhi Wibowo told SeafoodSource that the ...

Source: Seafoodsource