On October 25, 2023, the American Shrimp Processors Association (APSA) progressed their commitment to protecting the American industry by filing antidumping duty (AD) petitions on frozen warmwater shrimp from a number of import-heavy countries. Specifically, Ecuador and Indonesia have been subjected to these claims. The value of domestic shrimp is a focal concern of the petitions, and this action seeks to balance international trade dynamics.
If successful, these AD petitions can result in the imposition of substantial duties on shrimp imported from these two countries, protecting domestic shrimp industries and keeping pricing competitive.
Additionally, the APSA has filed countervailing duty (CVD) petitions on frozen warmwater shrimp from India and Vietnam, besides Ecuador, Indonesia. A CVD petition is a complaint brought by an industry in a country where it believes that its competition in another country has an unfair advantage due to government subsidies.
CVD claims, once proven, can lead to duties that offset the alleged subsidised benefits. Thus, the protective actions do not end at the borders of the United States; CVD petitions have potential global implications.
This news comes from a recent legal briefing from ArentFox Schiff, shedding light on important developments that may alter legal strategies and trade dynamics across international markets.
For more information, details of these new antidumping and countervailing petitions can be accessed here.