The United States will impose tentative countervailing duties on shrimp imports from Vietnam

Published 2024년 4월 3일

Tridge summary

The U.S. Department of Commerce is set to implement new countervailing tax rates on shrimp exporters from Vietnam, India, Indonesia, and Ecuador, which together make up 90% of U.S. shrimp imports in 2023. The rates, which will be effective immediately upon publication in the Federal Register, vary significantly, with Vietnam's Tongshun facing a steep 196.41% tax, while other rates range from 1.69% to 13.41% for Ecuadorian exporters and around 4.72% to 3.89% for some Indian exporters. These preliminary taxes could be refunded if it's later determined that the exporters are not benefiting from harmful subsidies, with final tax rates expected to be finalized in the coming fall and winter.

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Original content

According to the Vietnam News Agency, these tax rates will be officially announced in the Federal Register by the U.S. Department of Commerce in the next few days and will take effect immediately. Enterprises included in the tax list will begin to pay deposits, and the final countervailing tax rate is expected Will be determined in the fall and winter. If after investigation it is determined that these countries are not providing subsidies or that the amount of subsidies will not harm the U.S. shrimp industry, then these deposits will be refunded. Vietnamese exporter Tongshun is required to pay a tax rate of 196.41%, Stapimex and other Vietnamese manufacturers are taxed at 2.84%; Indian exporter Devi Sea Foods will be charged a tax rate of 4.72%, Sandhya Aqua Exports will be taxed at 3.89%, and other Indian companies will be taxed at 4.36% .Ecuadorian exporter Santa Priscila's tax rate is 13.41%, Songa's corporate tax rate is 1.69% and other Ecuadorian manufacturers' tax rate is ...

Source: Foodmate