Le Lézard
Classified in: Business
Subjects: FOR, TRD, AVO

American Shrimp Processors Association Urges Administration to Maintain Vietnam's Non-Market Economy Status in Antidumping Cases

PORT ARTHUR, Texas , Dec. 21, 2023 /PRNewswire/ -- On December 21, 2023, the American Shrimp Processors Association (ASPA) joined in comments to the U.S. Department of Commerce (Commerce) urging the Administration to maintain Vietnam's status as a non-market economy in antidumping proceedings. On October 30, 2023, Commerce, at the request of the Government of Vietnam, initiated a changed circumstances review to determine whether the country should be graduated to market economy status. If Commerce grants Vietnam's request, the agency will have to use Vietnamese producers' own sales and cost data in antidumping calculations, even though those costs and prices remain heavily distorted by government interference. These interventions impact exchange rates, credit, wages, land prices, and many other aspects of Vietnam's economy.

"It is vital that we retain the right to treat Vietnam as a non-market economy so we can obtain meaningful relief from unfairly dumped shrimp in the U.S. market," said Trey Pearson, President of ASPA. "Prematurely granting Vietnam market economy status despite the widespread government distortions that persist would greatly undermine the value of the antidumping order our industry has worked so hard to obtain and maintain for almost twenty years."

Vietnam was the fourth largest source of U.S. shrimp imports in 2022, accounting for nearly 113 million pounds of imported shrimp valued at nearly $687 million. Earlier this year, the U.S. International Trade Commission determined that revoking the antidumping order on Vietnam would cause injury to the already vulnerable domestic shrimp industry to continue or recur. In addition, in petitions ASPA filed in October of this year, ASPA documented 40 different government subsidy programs that benefit shrimp producers in Vietnam.

 "Vietnam's economy does not operate on market principles, causing direct harm to domestic shrimp producers," Mr. Pearson continued. "Granting Vietnam's request would only hurt domestic industries, including the many small, family-owned business in the Gulf shrimp industry that rely on strong trade enforcement to compete."

More information on the efforts of ASPA and its members can be accessed via www.americanshrimp.com.

Media Contact: 
Edward T. Hayes
[email protected]

SOURCE American Shrimp Processors Association

These press releases may also interest you

at 08:00
NaaS Technology Inc. ("NaaS" or the "Company"), the first U.S. listed EV charging service company in China, today announced that it plans to change the ratio of its American Depositary Shares (the "ADSs") to its Class A ordinary shares (the "ADS...

at 08:00
As the originators of Direct Sourcing, TalentNet is continuing to break boundaries in the talent acquisition industry by offering a 7-day free virtual interactive experience that highlights its AI-powered TalentNavigator platform....

at 08:00
The American Arbitration Association (AAA®) and its international division, the International Centre for Dispute Resolution® (AAA-ICDR®), today announced the acquisition of ODR.com Inc. and its parent company, Resourceful Internet Solutions Inc....

at 08:00
A new survey by TD Bank Group has found that despite an ever-evolving homebuying market, Canadians' desire to own a home remains steadfast, with 74% per cent of prospective homeowners surveyed still feeling hopeful that they will be able to purchase...

at 08:00
Snail, Inc. ("Snail Games" or the "Company"), a leading global independent developer and publisher of interactive digital entertainment, alongside their indie publishing branch, Wandering Wizard, and developers NewGen, have announced the launch of...

at 08:00
CR Fitness Holdings, the leading franchisee of Crunch Fitness, is thrilled to announce the upcoming opening of Crunch Altamonte Springs. This state-of-the-art, 60,000-square-foot mega fitness facility, formerly a Publix, will be one of the largest...

News published on and distributed by: