US Lowers Anti-Dumping Tax on Vietnamese Shrimp

9 March 2015, at 12:00am

VIET NAM - On 3 March 2015, the US Department of Commerce (DOC) announced preliminary results of of the ninth anti-dumping duty administrative reviews on certain frozen shrimp imported from Viet Nam.

The period of review (POR) is 1 February 2013 through 31 January 2014, reports VASEP.

Among three mandatory respondents, the Minh Phu Seafood Corp would be levied at the rate of 1.5 per cent, followed by Thuan Phuoc Corp with 1.06 per cent, while the rate for Fimex VN would be zero per cent. The average tax rate for voluntary defendants would be 0.93 per cent.

If these preliminary results are retained in the final results, the condition for Viet Nam shrimp exports to the US would be better. The final results will be announced after 90 days from the date of the preliminary results are announced.

In 2014, shrimp exports to the US increased from the first months of the year and started declining from September, after the US announced final results of POR8 with rates of 6.37 per cent, the highest to date.

Reportedly, the US is the largest market for Viet Nam shrimp. In 2014, Vietnamese shrimp exports to the US reached US$ 1 billion.