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Date: 05/11/2024

India’s frozen shrimp exports levied 5.7 pc CVD in the US
Indian seafood exports to the US could face trouble as the US Department of Commerce (DOC), in its final determination in the anti-dumping duty investigations on frozen water shrimp from India, has imposed a higher countervailing duty (CVD) compared to Ecuador, Indonesia and Vietnam. Research House InCred Equities said the decision is likely to impact Indian shrimp exporting companies, as the final countervailing duty (CVD) could be in the range of 5.7% compared to 3.75% for Ecuador, and 2.84% for Indonesia and Vietnam. The DOC’s findings are based on investigations into whether these countries and their companies received subsidies that gave them an unfair advantage in the US market, as per a report.
 
Source: Exim News Service: New Delhi, Nov. 4



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