The U.S. Department of Commerce has announced preliminary results in the administrative proceedings determining antidumping duties assessed on shrimp imports that entered the United States between 1 February 2012 and 31 January 2013. The results of the eighth administrative review, when final, will also establish the cash deposits required to be made by importers for future shipments.
In the previous administrative review, DOC had found that all Thai and Vietnamese shrimp exporters participating in the proceeding, as well as two of the three individually reviewed Indian shrimp exporters, were selling shrimp into the U.S. market at fair value. In result, DOC declined to assess antidumping duties and did not require cash deposits for future entries. However, in the preliminary results of the current administrative review, DOC has preliminarily found that all Indian, Thai, and Vietnamese shrimp exporters participating in the proceeding sold shrimp into the U.S. market at less than fair value.
The dumping margins calculated by the agency vary, from 1.10 percent for all Thai shrimp exporters participating in the review to 9.75 percent for Stapimex, a Vietnamese shrimp exporter. The Indian exporter Falcon Marine received a preliminary margin of 3.01 percent which, if confirmed in DOC final determination, would be the highest antidumping duty rate found for the company since the first administrative review. Further, if confirmed in a final determination, Vietnamese shrimp exporters are facing the highest antidumping duty rates ever calculated for that industry — 4.98 percent for the Minh Phu Group, 9.75 percent for Stapimex, and 6.37 percent for all other participating Vietnamese exporters.
March 25, 2014
