US anti-dumping duty hike on Vietnam shrimps to hurt Indian exports

According to preliminary reports, the US has raised the duty by 25.39% from 4.8% last year

Shrimp shipments from India to Vietnam for further value addition and re-export to the US is likely to be hit with the US government hiking the anti dumping duty (ADD) on shrimps coming from Vietnam. According to preliminary reports, the US has raised the duty by 25.39 per cent from 4.8 per cent last year.

India largely exports block frozen shrimp to Vietnam for reprocessing and forward shipment to its customer countries like China, EU, Japan and the US.

In 2017, India exported about 1,57,440 tonnes of shrimps to Vietnam, valued at Rs 75.41 billion and accounted for 17 per cent of