Vietnam shrimp exporters not dumping, US admits

18/06/2015 10:28 - 577 Views

The Vietnam Association of Seafood Exporters and Producers said Wednesday that the US Department of Commerce has decided not to impose an anti-dumping duty on Vietnamese shrimp imported into the US between February 1, 2011, and January 21 last year.

It means that for the first time after 10 years of punitive tariffs the DOC has accepted that Vietnamese shrimp firms do not engage in dumping, news website VnExpress has quoted VASEP as saying in a report.

This brings much hope to shrimp processors in the context of the current economic difficulties, VASEP said.

Fifty four Vietnamese shrimp exporters have been paying anti-dumping taxes in the US since 2004. Every year since then the DOC has carried out inspections to fix the tariff, which is currently at 25.76 percent on average.

Along with the US International Trade Commission, the DOC is now considering a demand by some US shrimp producers to impose a countervailing on shrimps imported from Vietnam, claiming that Vietnamese shrimp companies receive financial support from their government and therefore sell at low prices, causing them huge losses.

The complaint was made late last year and the US side has said the final conclusion would be delayed to May 28.

The US remained the second biggest market for Vietnamese shrimp exporters last year after Japan, with export topping US$454 million, down 15.6 percent from 2011 and accounting for more than a fifth of Vietnam’s shrimp exports, according to VASEP.

In January this year the US surpassed Japan to become Vietnam's largest importer.

Thursday, March 07, 2013 02:05:00

Source: thanhniennews.com