Export revenue of aquatic products in August was estimated at 833 million USD, bringing the result for the first eight months of this year to 5.52 billion USD, a drop of 1.2 percent over the same period last year.
Various challenges face Vietnam’s shrimp exports to the US, as aside from high anti-dumping duties, Vietnamese businesses have to tackle harsh policies the US uses to protect domestic production.
The US Department of Commerce has rescinded the administrative review, in part, of the antidumping duty order on frozen warm-water shrimp from Vietnam for the period from February 1, 2016 through January 31, 2017.
The United Kingdom was the largest importer of Vietnam’s prawns in the European Union (EU) in 2016, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
The International Trade Commission (ITC) of the United States has recently voted to extend antidumping duties on frozen shrimp imports from Vietnam, China, India and Thailand for another five years.
US will continue imposing anti-dumping duty on Vietnamese frozen warm water shrimp to the US market after the second five-year sunset review, reported the Vietnam Competition Authority (VCA).
The United States Department of Commerce (DOC) has officially levied higher anti-dumping duties on Vietnamese frozen warm-water shrimp exports during the review period starting 2014 to 2015.
Vietnamese shrimp exports to the US expanded 17.4 percent to reach 249.3 million USD in the first five months of the year, according to the Vietnam Association of Seafood Exporters and Producers.
The United States has levied higher anti-dumping duties on Vietnamese warm-water shrimp exports during the period of review from February 1, 2014 to January 31, 2015.
Since May, the United Kingdom (UK) has become the leading market for Vietnamese shrimp exports in the European Union with impressive growth, although exports to other markets have slumped.
Vietnamese shrimp exports to the United Kingdom have registered a strong
growth even as shrimp exports to the European Union have been
registering a declining trend since early this year.
The Vietnam Association of Seafood Exporters and Processors (VASEP) has
decided to launch a case against the US Department of Commerce (DOC)
via the US Court of International Trade (CIT) over its imposition of
duties on Vietnam ’s warm-water shrimp.
Vietnam expects to earn 2.5-2.6 billion USD from shrimp exports in
2013, up by 15 percent from last year, attributable to the stability of
the monthly average turnover of 250 million USD from shipping this
produce.
Vietnam expects to earn around 2.6 billion USD from shrimp exports in
2013, up by 15 percent against last year, according to the Vietnam
Association of Seafood Exporters and Producers (VASEP).
President Truong Tan Sang held bilateral meetings with several leaders
of Asia-Pacific Economic Cooperation (APEC) member economies in Bali,
Indonesia on October 7.
Together with the increase in trade activities given the country’s
international economic integration, trade disputes between Vietnam and
importing countries are also rising, according to the Vietnam Chamber of
Commerce and Industry (VCCI).
The US Department
of Commerce (DOC) has concluded that all 33 Vietnamese businesses do not
dump their frozen warm-water shrimp products on the US market.
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