According to the final outcome of the DOC’s administrative review of anti-dumping taxes levied on Vietnamese frozen catfish fillets, the South Vietnam Fishery Ltd. Co. (South Vina) and the Binh An Fishery Joint Stock Company (Bianfishco) were cleared of dumping catfish products on the US market and would subsequently enjoy a zero-percent tax rate from now on.
Three other Vietnamese exporters, namely the Dong Thap QVD Foodstuff Ltd. Co., the An Giang Fisheries Import-Export Joint-Stock Company and the Viet An Joint Stock Company, are to enjoy a tax rate of just 0.52 percent.
The common tax rate levied on the remaining Vietnamese exporters is 63.88 percent.
All of these tax rates will take effect following the publication of the US Federal Register.
Anti-dumping taxes on frozen tra and basa catfish fillets imported from Vietnam were issued by the DOC in August 2003 and have been periodically reconsidered since then.
The Seafood Association of Mekong Delta provinces said that 40 percent of the region’s catfish breeding ponds now lie abandoned, with An Giang province alone accounting for 60 percent of this total.
The reason for this is the heavy losses suffered by fish farms in 2008. It is estimated that 25 percent of fish farmers in the region have gone bankrupt as a result.
The region’s catfish output is expected to fall by up to 40 percent this year, having a huge impact upon the nations’ catfish processing industry.
Catfish Exports Wiggle Free of Anti-Dumping Tariffs
VIET NAM - The US Department of Commerce has decided to abolish the imposition of anti-dumping tariffs on exports from two more Vietnamese catfish exporters, said the Vietnam Association of Seafood Exporters and Processors (VASEP).
