Shrimp exporters cleared from investigation

The Fish Site
by The Fish Site
29 March 2007, at 1:00am

VIET NAM - The US Southern Shrimp Alliance (SSA) has decided to disengage itself from the proposal on investigating the 410 shrimp exporters from six different countries which were defendants in the anti-dumping lawsuits, during the second administrative review.

The Vietnam Association of Seafood Exporters and Producers (VASEP) has quoted as saying that SSA, the plaintiff in the anti-dumping lawsuit, has proposed the exemption of 410 shrimp producers and exporters from investigation.

The move is the response to the preliminary result of the first administrative review announced by the US Department of Commerce (DOC) in March 2007, which was beneficial to SSA. Under the preliminary result, shrimp exporters from six countries would still be imposed with anti-dumping taxes when exporting products to the US.

The 410 companies which could enjoy the review exemption include the ones which refused the review ahead of the schedule on January 28, 2007. They are being imposed with relatively high tax rates; for example, Brazil is being taxed 349%, China, 112.81%, Ecuador, 48.61%, India, 82.30% and Thailand, 57.64%.

Prior to that, Indian agencies announced that the country had succeeded in its protest against the anti-dumping taxation on shrimp products at the US Court of International Trade (CIT).

India, which has been violently protesting the bond-paying regime, said that paying bonds must not be seen as the measure to ensure tax payments as tax payments could be guaranteed with the security.

The success has prompted India to lodge its protest against the bond-paying regime with the WTO, and the country is awaiting the final decision.

In related news, regarding anti-dumping taxes, DOC has decided to lower the tax rates on tra and basa fillet products made by Dong Thap-based QVD Food Company Ltd to 21.23% from the previously applied rates of 66.34%.

These are the final results of the second administrative review conducted by DOC. The tax rates applied on other Vietnamese tra and basa exporters remain at high levels at 66.34%, while Cataco is still taxed 80.88%.