Countervailing Duty on Shrimp
The U.S. Department of Commerce has announced preliminary countervailing duty (CVD) rates on frozen warm water shrimp from 7 countries – China, Ecuador, India, Indonesia, Malaysia, Thailand and Vietnam.
Ecuador and Indonesia have escaped without any collectable duties while CVD rates for shippers in the other 5 countries have been assessed preliminarily from less than 1 percent to more than 62 percent.
The Dept. of Commerce will travel to the foreign countries to verify the subsidies that have been reported. Their final determinations are due on August 12, 2013. If it is determined that the domestic shrimp industry is being injured or threatened with injury due to the subsidized imports, CVD orders will be imposed this fall.
For further information, please refer to: http://ia.ita.doc.gov/download/factsheets/factsheet-frozen-warmwater-shrimp-cvd-prelim-29MAY13.pdf