Anti-dumping duty hike on Indian shrimps by US to have neutral impact

Vietnam continues to be the second largest export destination for Indian shrimp

The recent hike in anti-dumping duty (ADD) on Indian shrimp imports by the United States is likely to have neutral impact on the exporters.

During the twelfth final review, the US Department of Commerce (USDoC) hiked the weighted-average of anti-dumping duty on import of Indian shrimp from 0.84 per cent (final review for the 12-month period ended January 31, 2017) to 1.35 per cent.

This, however is lower than the preliminary rate notified in March, 2018 of 2.34 per cent.

The two mandatory respondents selected for the current review were Devi Fisheries Limited (Devi) and the Liberty Group; the countrywide