Vietnam welcomes win in anti-dumping case against US
15/07/2011 12:00
Hanoi - The success of the first stage of Vietnam's case against the United States over anti-dumping measures on frozen shrimps has given confidence to Vietnamese exporters, an official said Thursday.
'By winning the case, it creates more favourable conditions for the export of Vietnamese shrimp in the future,' said Truong Dinh Hoe, general secretary of the Vietnam Association of Seafood Exporters and Producers (VASEP).
'It also helps US importers feel more secure when they buy Vietnamese seafood,' he said.
The World Trade Organisation on Monday issued a report that upheld two of three components in Vietnam's claim that Washington increased its estimate of the degree of dumping on its markets using a method inconsistent with international trade rules.
Dumping involves the sale of items abroad at less than the cost price in their domestic market.
In response to the announcement, VASEP said it would pursue the country's claim against the anti-dumping measures to protect the interests of Vietnamese shrimp exporters.
VASEP and consultants said if Vietnam won the case, frozen shrimp exports would enjoy immunity from paying advances related to the anti-dumping scheme and exporters would be likely to be fully exempted from anti-dumping tariffs.
Last year, Vietnam's shrimp export revenues reached 2 billion dollars. The US is its second-largest market after Japan.
Source: monstersandcritics.com
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