US Department of Commerce investigates Vietnamese shrimp
The US Department of Commerce (DOC) on January 18 received an
anti-subsidy petition against frozen warm-water shrimp imported from
Vietnam and six other countries, while representatives from the seven
exporters said that there is insufficient evidence to prove their shrimp
industries receive Government subsidies.
The US Department of Commerce (DOC) on January 18 received an
anti-subsidy petition against frozen warm-water shrimp imported from
Vietnam and six other countries, while representatives from the seven
exporters said that there is insufficient evidence to prove their shrimp
industries receive Government subsidies.
According to representatives from Vietnam, China, India, Thailand, Indonesia, Malaysia and Ecuador, their shrimp industries enjoy natural advantages, standardised breeding and processing, and cheap labour.
They said the petition is actually to seek protection for the US shrimp industry, but will hit US consumers instead.
On January 15, representatives of the Vietnam Trade Office in Washington attended a meeting with DOC to object to allegations that Vietnam ’s frozen warm-water shrimp exported to the US receives Government subsidies.
In the petition, US businesses, including Carson & Co. Inc, Tidelands Seafood Co. Inc and Gulf Fish Inc, stated that frozen warm-water shrimp imported from the seven countries receive financial assistance from their Governments, “causing serious damage” to the US shrimp industry.
According to the petition, the seven countries received subsidies equalling 4.2 billion USD in 2011, to which Vietnam contributed 493 million USD.
The DOC is expected to announce its final decision in July after an investigation.-VNA
According to representatives from Vietnam, China, India, Thailand, Indonesia, Malaysia and Ecuador, their shrimp industries enjoy natural advantages, standardised breeding and processing, and cheap labour.
They said the petition is actually to seek protection for the US shrimp industry, but will hit US consumers instead.
On January 15, representatives of the Vietnam Trade Office in Washington attended a meeting with DOC to object to allegations that Vietnam ’s frozen warm-water shrimp exported to the US receives Government subsidies.
In the petition, US businesses, including Carson & Co. Inc, Tidelands Seafood Co. Inc and Gulf Fish Inc, stated that frozen warm-water shrimp imported from the seven countries receive financial assistance from their Governments, “causing serious damage” to the US shrimp industry.
According to the petition, the seven countries received subsidies equalling 4.2 billion USD in 2011, to which Vietnam contributed 493 million USD.
The DOC is expected to announce its final decision in July after an investigation.-VNA
You should also see
Vietnam attends international security meeting in Russia
A Vietnamese delegation led by Minister of Public Security General To Lam is attending the 12th International Meeting of High Representatives for Security Issues in Russia’s St. Petersburg city from April 23-25.
See more
Business
Petrovietnam posts 9-billion-USD revenue in Q1
The Vietnam National Oil and Gas Group (Petrovietnam) saw total estimated revenue of 231 trillion VND (9 billion USD) from production and business activities in the first quarter of 2024, exceeding the set quarterly plan by 33% and up 19% year-on-year, head a conference held by the group recently.
Business
Forum seeks to increase PPP investment effectiveness
Investment cooperation in the public-private partnership (PPP) form is seen as a strategic option to mobilise private investment and improve public service delivery. However, the implementation of PPP projects in Vietnam still faces a lot of difficulties and obstacles, leading to a low number of successful projects and making the private economic sector cautious.
Business
Remittance inflows expected to quench real estate sector’s thirst for capital: Experts
Amid a “thirst” for capital of real estate businesses, the strong inflow of remittances is expected to heat up the market again, held insiders.
Business
Dong Nai province ready to ride Japanese investment wave
The southern province of Dong Nai stands ready to prepare the best conditions to welcome investors, especially those from Japan, Secretary of the provincial Party Committee Nguyen Hong Linh said on April 24.
Business
Investor confidence gains traction on improved business climate
Better investment climate, with simplified administrative producers and special incentives, has helped improve investor confidence, thus catalysing investments from a wider pool of both domestic and international investors for socio-economic development.
