Shrimp exporters face US countervailing duty (CVD) risk
- 140
- Business
- 16:21 28/03/2024
DNHN - India, Ecuador, Indonesia and Vietnam are the four countries targeted by the US Department of Commerce (DOC) in this review, accounting for 90% of the 788,209 tonnes of shrimp imported into the US in 2023.
The Vietnam Association of Seafood Exporters and Producers (VASEP) cited sources from Undercurrentnews, a seafood industry magazine, that India, Ecuador and Vietnam, three of the US’s largest suppliers of farmed shrimp, were notified on 26 March that they could face preliminary countervailing duties (CVDs) ranging from less than 2% to as high as 196%.
However, Indonesia, the third-largest shrimp supplier to the US, was excluded from the review.
The US Department of Commerce (DOC) has begun summoning lists of exporters and petitioners to determine the duties, pending a full investigation into whether three of the four targeted countries have subsidised programmes that allow them to dump cheap shrimp into the US market, in violation of World Trade Organization (WTO) rules.

The duties will take effect once the DOC publishes them in the Federal Register, which is expected to happen in the coming days.
The duties will be refunded if investigators determine that the countries are not providing illegal subsidies, or if the subsidised imports are not harming the US shrimp industry. However, a final decision is not expected until the autumn or winter of 2024, meaning importers could be facing higher costs for much of the rest of the year.
Effective immediately upon the official announcement from the government, importers of shrimp from India will be required to post a cash deposit of 4.72% for shrimp from Devi Sea Foods, 3.89% from Sandhya Aqua Exports and 4.36% from all other Indian suppliers.
Importers of shrimp from Ecuador will be required to post a cash deposit of 13.41% for shrimp from Industrial Pesquera Santa Priscila, 1.69% from Sociedad Nacional de Galapagos (SONGA) and 7.55% from all other Ecuadorian suppliers.
For shrimp from Vietnam, the cash deposit requirement will be 2.84% for Stapimex, 196.41% for Thong Thuan and 2.84% for all other Vietnamese suppliers.
India, Ecuador, Indonesia and Vietnam are the four countries targeted by the DOC in this review, accounting for 90% of the 788,209 tonnes of shrimp imported into the US in 2023.
P.V
Related news
- Hanoi receives two million visitors during the four-day National Day holidays
- Multiple MoUs signed in Da Nang to boost semiconductor development
- UNDP Resident Representative hails Vietnam as an emerging economic powerhouse
- How the UAE Transformed from Oil Wealth to AI Leadership?
- Success in business is always a human story
- Mr. Le Viet Thang, CEO of 1Office: "Don’t use old solutions for new ai challenges"
- VinFast: a strategic pivot amid the green industry storm?
- 127 high-value projects post-merger: Ho Chi Minh City rolls out the red carpet for strategic investors
- Pakistani Ambassador to Vietnam: “Peace and unity are the strength to build the future.”
- Vietnam's Semiconductor Leap: Five Strategic Policies to Reach 2027 Goal
- What’s Vietnam’s game plan as President Trump pressures the Fed?
- SK Innovation and HD Hyundai (South Korea) step up cooperation with Khánh Hòa Province (Vietnam)
- Quang Tri attracts $96.5 mln in new projects in July
- A trade fair organizer surprises by joining the ranks of top-earning listed companies
- HDBank secures USD 215 million syndicated loan from JICA, SMBC, and FinDev Canada
- Samsung Electronics Vietnam inaugurates its first rooftop solar project at Bac Ninh Factory
- Promoting market development for science and technology products
- Sao Mai Group’s pangasius export segment embraces new opportunities
- Energy transition in Vietnam: Opportunities and challenges from coal power to renewables
- Renewable energy: Steering in the right direction of the times
Đọc thêm Business
Multiple MoUs signed in Da Nang to boost semiconductor development
The agreements inked within the framework of the Da Nang Finance and Tech Week 2025.
Grand celebration of Vietnam’s 80th National Day deeply moves international friends
HANOI, September 2, 2025 – On this historic morning, the capital of Vietnam was bathed in vibrant red and gold as A80 – the 80th National Day Military Parade captivated the entire nation and left a lasting impression on foreigners living and working
Vietnam’s 80th National Day through the eyes of the international media
Hanoi, September 2, 2025 – Vietnam marked the 80th anniversary of its National Day in a festive atmosphere that spread across the streets and into the hearts of millions. At historic Ba Dinh Square, a large-scale military and civilian parade stirred
Success in business is always a human story
Those were the insights shared by Ms. Lirone Glikman, a global expert in strategic networking, in her conversation with Enterprise and Integration Magazine during her Asia tour and the launch of her book The Super Connector’s Playbook in Vietnam.
VinFast: a strategic pivot amid the green industry storm?
As the global auto industry accelerates its transition to electric mobility, VinFast faces its toughest test yet: soaring financial pressure, heated debates on phasing out combustion engines, and mounting global competition.
127 high-value projects post-merger: Ho Chi Minh City rolls out the red carpet for strategic investors
Ho Chi Minh City has unveiled a portfolio of 127 strategic projects as part of a major investment restructuring effort post-boundary expansion, signaling a shift toward selective and high-impact investment in technology, finance, and logistics.
Vietnam's Semiconductor Leap: Five Strategic Policies to Reach 2027 Goal
Vietnam has set an ambitious target: to manufacture "Make in Vietnam" semiconductor chips by 2027. This bold commitment marks a defining moment in the country’s high-tech trajectory, positioning Vietnam as a rising contender in the global chip race.
What’s Vietnam’s game plan as President Trump pressures the Fed?
In a move that rattled political circles and financial markets worldwide, U.S. President Donald Trump declared he would sue Federal Reserve Chairman Jerome Powell for “stifling growth” with high interest rates.
Quang Tri attracts $96.5 mln in new projects in July
The provincial authorities approved investment policy for 13 projects in the month of July.
Samsung Electronics Vietnam inaugurates its first rooftop solar project at Bac Ninh Factory
July 31, 2025, Samsung Electronics Vietnam (SEV) officially inaugurated the rooftop solar power project at the SEV factory in Yen Phong Industrial Park, Bac Ninh.