Higher Shrimp Import Duties from 5 Countries Rejected
- General News
U.S. shrimp processors have been calling for higher import duties on frozen warm water shrimp imported from China, Ecuador, India, Malaysia and Vietnam because they claimed the imports were subsidized and amounted to unfair competition. The International Trade Commission made its final determination this week voting four to two that there was no injury to the U.S. domestic shrimp industry. Given the ruling, the Department of Commerce will not issue countervailing duty orders on the imports.
USSEC is conducting market development activities in many of these markets to demonstrate the functionality and sustainability of soy in aquaculture feed. USSEC's aqua programs also teach farmers about sustainable pond and cage technology, disease control and other best management practices. Higher import duties would have increased shrimp prices in the U.S. and could have negatively impacted export markets where soy-based aqua feeds have been adopted.