U.S. businesses file countervailing duty investigation petition against Vietnamese shrimp products, U.S. businesses file countervailing duty investigation petition against Vietnamese shrimp , countervailing duty investigation petition against Vietnamese shrimp products, countervailing duty investigation against shrimp products from Vietnam,

U.S. businesses file countervailing duty investigation petition against Vietnamese shrimp products

According to information from the Vietnam Association of Seafood Exporters and Producers (VASEP) on October 31, 2023, certain Vietnamese businesses exporting shrimp products to the U.S. market are under investigation for countervailing duties based on a lawsuit filed by the American Shrimp Processors Association (ASPA). Apart from Vietnam, ASPA has also filed for initiation on anti-dumping investigations for shrimp products from Ecuador, Indonesia, and India.

As per details from the U.S. Department of Commerce (DOC), ASPA filed anti-dumping lawsuits against shrimp from Ecuador and Indonesia, concurrently initiating countervailing duty lawsuits for shrimp from Ecuador, Indonesia, India, and Vietnam.

Nearly a decade ago, the Southern Shrimp Alliance (SSA) and ASPA had submitted a petition requesting a trade remedy investigation into imported shrimp products from Vietnam. After a period of collaboration and working with the investigating agency, Vietnamese businesses, with support from the Vietnam Trade Remedies Authority, demonstrated that the Vietnamese government did not engage in any support or subsidies aimed at negatively affecting the U.S. shrimp market.

The final decision reached was that Vietnamese businesses did not receive subsidies, therefore they are not subject to countervailing duties imposed by the U.S. However, Vietnamese shrimp products still fall under the category subject to U.S. anti-dumping duties, which have been in effect since the end of 2023, lasting approximately 20 years, despite the fact that the duty rate for Vietnamese businesses is 0%. In contrast, Indian businesses face an anti-dumping tariff rate of 3.88%.

Currently, Indian shrimp holds the largest market share in the U.S. at approximately 37%, followed by Ecuadorian shrimp at over 20%, and Vietnamese shrimp at around 8%.

Higher market share corresponds to a greater likelihood of facing higher tariffs. According to ASPA’s proposal, the suggested duty rates for shrimp products from Ecuador and Indonesia are 111% and 37%, respectively.

It is anticipated that the DOC will make a decision to initiate or not initiate investigations into shrimp products from Vietnam and other countries in November 2023.

To address the potential threat of countervailing duty investigations, VASEP plans to hold urgent meetings with Vietnamese shrimp producers and exporters to the U.S. market. Additionally, VASEP intends to engage with reputable law firms specializing in anti-dumping and trade remedies to receive legal assistance and advice regarding the necessary procedures and processes to avoid high duties in the coming period.

ASL LAW is the top-tier Vietnam law firm for Anti-dumping & countervailing. If you need any advice, please contact us for further information or collaboration.


    Your infomation

    ***Other service of ASL LAW – full service Vietnam law firm ***
    Retainer service to enterprises International trademark registration
    Oversea investment consultancy for Vietnamese enterprisesPatent in Vietnam
    PCT Patent in Vietnam PCT Patent Vietnam Entry
    Intellectual property services (Vietnam IP Firm) Vietnam Patent Agent
    Trademark in Vietnam Vietnam Patent Firm
    Vietnam Trademark Agent Patent translation in Vietnam
    How to register trademark in Vietnam Vietnam Patent Translation Agent
    Copyright in Vietnam Vietnam IP Firm
    Vietnam Trademark Vietnam IP Agent
    Notes to company formation in VietnamM&A
    How to open company in VietnamBanking & financial services
    Open representative office in VietnamContract consultancy
    Establish company in VietnamEmployment and labor
    Corporate services in VietnamLitigation and dispute resolution
    Vietnam Law FirmFranchise in Vietnam
    Vietnam Antidumping Law Firm Vietnam Franchise registration
    Vietnam countervailing law firm Vietnam Business Law Firm
    Vietnam Real estate law firm Vietnam construction law firm
    Law firm in Hanoi Law Firm in Ho Chi Minh
    Contact Me on Zalo
    WhatsApp chat