26 C
Ho Chi Minh City
Friday, September 30, 2022

DOC maintains anti-dumping tariff on shrimp imports from Vietnam 

The Saigon Times

Must read

HCMC – The U.S. Department of Commerce (DOC) is determined to maintain anti-dumping tariffs on frozen warm water shrimp imports from Vietnam, China, India and Thailand, effective for the entire sector rather than a specific enterprise as it received no feedback from exporters of these countries.

The DOC concluded that the removal of anti-dumping tariffs on frozen warm water shrimp imports from the above countries might lead to a risk of possible dumping.

The U.S. initiated an anti-dumping investigation into frozen warm water shrimp imported from Vietnam and other countries in 2004 and started to impose anti-dumping tariffs on Vietnamese exporters from January 26, 2005, with an anti-dumping margin ranging from 4.30% to 25.76%.

Currently, the U.S. is conducting the 16th-period review (POR16) from February 1, 2021 to January 31, 2022 of frozen warm water shrimp imports.

In the most recent review, the DOC determined that the two Vietnamese mandatory defendants and 29 other Vietnamese shrimp exporters would enjoy a duty of 0%.

Since 2014, Vietnam has always ranked among the top three seafood exporters in the world. According to statistics of the Vietnam Association of Seafood Exporters and Producers, the total seafood export value of Vietnam in the first eight months of this year amounted to US$7.6 billion, up 36.2% over the same period last year. Among these, shrimp exports accounted for US$3 billion, up 22.5% from last year’s same period.

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest articles