Shrimp CVD Inquiry Yields Split Results
Two of seven exporting countries studied are NOT providing countervailable subsidies; 62.74% duty for Malaysian imports.
The US Department of Commerce has reported its preliminary determinations in the countervailing duty investigation of seven countries exporting frozen warmwater shrimp to the US. [See Shrimp CVD Inquiry Gets Underway.]
Commerce finds countervailable subsidies are NOT being provided to producers and exporters in Ecuador [Case No. C-331-803] and in Indonesia [C-560-825]. Commerce did calculate de minimus duties (so small they will not be imposed) for the individual exporters who were respondents to the investigation and “all others” from Ecuador and Indonesia. (This is good news for Indonesia and its ambitions as a seafood exporter – see Indonesia’s Blue Revolution.)
The CVD investigations into the shrimp exporters of China [C-570-989], India [C-533-854], Malaysia [C-557-814], Thailand [C-549-828], and Vietnam [C-552-815] resulted in determinations that each country’s shrimp producers and exporters are being provided countervailable subsidies.
The preliminary calculation of duties to be imposed on shrimp imported from these sources is as follows:
- Malaysia 62.74%
- Vietnam 6.07%
- India 5.91%
- China 5.76%
- Thailand 2.09%
Malaysia has been slammed (at least preliminarily) with a 62.74% rate because its chief respondent to the CVD inquiry, Kian Huat, failed to cooperate by answering Commerce Department requests for information. Commerce used a punitive CVD AFA (adverse facts available) formula to calculate the duty.
The final rates will be set in August.
You can find the reports covering the investigation findings and determinations on IA-Access (registration required). Refer to the case numbers in the brackets.
Date posted: May 31, 2013