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   New Cash Deposit Rate In Effect For Vietnamese Shrimp Imports
by Southern Shrimp Alliance
Posted: Friday, September 14, 2018 at 3:40PM EDT

Today’s Federal Register published the final results of the U.S. Department of Commerce’s (Commerce) twelfth administrative review of the antidumping duty order on certain frozen warmwater shrimp from the Socialist Republic of Vietnam. With the publication of Commerce’s decision, the cash deposit rate for most Vietnamese shrimp imports will be reset to 4.58%, down from the current cash deposit rate of 4.78% established by the last administrative review completed by Commerce.

In addition to establishing a new cash deposit rate for Vietnamese imports, Commerce’s administrative review determined the final antidumping duty rates to be assessed on imports that entered the United States between February 1, 2016 through January 31, 2017. For the majority of the period of review, U.S. importers brought Vietnamese shrimp into the United States with a cash deposit of around one percent. Because these imports were found to have been dumped at much higher rates, these importers will receive bills from U.S. Customs and Border Protection (CBP) seeking additional duty payment on these past import entries.

The U.S. system of retrospective antidumping duty assessment insures that importers of unfairly-traded goods are held to account for actions taken to introduce low-priced merchandise back into the U.S. market. The legal structure of U.S. trade remedy laws means that importers who take advantage of cheap product on offer from foreign shrimp exporters must also anticipate an eventual reckoning. At the same time, importers that work with their suppliers to source fairly-traded goods and shrimp imports sold at or above fair value receive refunds of cash deposits through the retrospective assessment system.

Read today’s Federal Register notice, “Certain Frozen Warmwater Shrimp from the Socialist Republic of Vietnam: Final Results of the Antidumping Duty Administrative Review, 2016-2017” here:

About the Southern Shrimp Alliance

The Southern Shrimp Alliance (SSA) is an organization of shrimp fishermen, shrimp processors, and other members of the domestic industry in the eight warmwater shrimp producing states of Alabama, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina, and Texas.

Source: Southern Shrimp Alliance

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