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VN exporters need to prove no harm to U.S. shrimp industry
08/02/2017 12:00
The domestic shrimp sector must prove they are causing no injury for American shrimp farmers if it wants the U.S. government to revoke the anti-dumping duty on frozen warmwater shrimp imports from Vietnam.
This recommendation was made by General Secretary Truong Dinh Hoe of the Vietnam Association of Seafood Exporters and Producers (VASEP) in a talk with the Daily. The U.S. Department of Commerce (DOC) in a conclusion on the second sunset review on the anti-dumping tariff for frozen warmwater shrimp decided to continue imposing the duty on imports from Vietnam.
The final results of this sunset review are expected to come out this May, Hoe said.
Pending a final say by the International Trade Commission (ITC), the anti-dumping duty will continue to be levied as in the previous administrative reviews. “This procedure is carried out every five years to see if Vietnam’s shrimp exports to the U.S. cause injury for the American shrimp industry and if they don't, the U.S. government will lift their anti-dumping duty,” said Hoe.
In case imports from Vietnam threaten the U.S. shrimp farming industry, the anti-dumping tariff would continue to be in place as in the past 10 years.
The annual administrative review is to determine an official dumping margin for each particular business.
VASEP last Friday said the DOC in September 2016 published a final conclusion on the tenth administrative review (POR10) on shrimp imports from Vietnam in the period from February 1, 2014 to January 31, 2015.
As a result, Minh Phu Seafood Corp. is exempt from the duty as in a number of the previous reviews, although the March 2016 preliminary results showed this firm would be subject to a duty of 2.86%.
The voluntary rate for 31 other shrimp exporters of Vietnam is 4.78%, up 0.91 of a percentage point over the previous preliminary results. Stapimex faces 4.78%, unchanged from the preliminary results.
Meanwhile, the preliminary tariffs during POR11 published in November 2016 for shipments from February 1, 2015 to January 31, 2016 are essentially the same as in POR10. A duty of as high as 25.75% is imposed on those importers not participating in the review.
This recommendation was made by General Secretary Truong Dinh Hoe of the Vietnam Association of Seafood Exporters and Producers (VASEP) in a talk with the Daily. The U.S. Department of Commerce (DOC) in a conclusion on the second sunset review on the anti-dumping tariff for frozen warmwater shrimp decided to continue imposing the duty on imports from Vietnam.
The final results of this sunset review are expected to come out this May, Hoe said.
Pending a final say by the International Trade Commission (ITC), the anti-dumping duty will continue to be levied as in the previous administrative reviews. “This procedure is carried out every five years to see if Vietnam’s shrimp exports to the U.S. cause injury for the American shrimp industry and if they don't, the U.S. government will lift their anti-dumping duty,” said Hoe.
In case imports from Vietnam threaten the U.S. shrimp farming industry, the anti-dumping tariff would continue to be in place as in the past 10 years.
The annual administrative review is to determine an official dumping margin for each particular business.
VASEP last Friday said the DOC in September 2016 published a final conclusion on the tenth administrative review (POR10) on shrimp imports from Vietnam in the period from February 1, 2014 to January 31, 2015.
As a result, Minh Phu Seafood Corp. is exempt from the duty as in a number of the previous reviews, although the March 2016 preliminary results showed this firm would be subject to a duty of 2.86%.
The voluntary rate for 31 other shrimp exporters of Vietnam is 4.78%, up 0.91 of a percentage point over the previous preliminary results. Stapimex faces 4.78%, unchanged from the preliminary results.
Meanwhile, the preliminary tariffs during POR11 published in November 2016 for shipments from February 1, 2015 to January 31, 2016 are essentially the same as in POR10. A duty of as high as 25.75% is imposed on those importers not participating in the review.
Feb 6, 2017
Source: The Saigon Times
Source: The Saigon Times
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