Aquaculture for all

Vietnamese Exporters Reject US Anti-subsidy Duties on Shrimp

Crustaceans Sustainability Economics +5 more

VIET NAM - Vietnamese exporters have described the US Department of Commerce (DOC)s recent levy of anti-subsidy duties on frozen shrimp imported from seven countries including Viet Nam as absolutely unreasonable.

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General Secretary of the Viet Nam Association of Seafood Exporters and Processors (VASEP) Truong Dinh Hoe said the DOC’s decision was only based on Viet Nam’s policies to develop its fishery sector without giving any persuasive factual evidence, reports VASEP.

Moreover, the DOC is yet to take into account borrowing interest rates and aquatic feed prices in Viet Nam, which are far higher than those of other countries, he added.

Under the DOC’s preliminary decision, products of Minh Quy company are subject to a 5.08 per cent anti-subsidy duty while the rate for Nha Trang Seafood is 7.05 per cent, which according to domestic seafood processors and exporters is extremely high.

If this rate remains until the final decision is made in August, Vietnamese shrimp firms will find it hard to ship their products to the US.

The VASEP General Secretary said Vietnamese companies will continue campaigning for more reasonable duty rates.

Further Reading

You can view more on the US import duties for shrimp by clicking here.

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