The US Department of Commerce (DOC) has announced that the average anti-dumpingtariff applied to shrimp products exported by 29 Vietnamese companies will bereduced from 4.57 percent to 2.89 percent.
The anti-dumping dutyreduction is the result of the fourth administrative review conducted by the DOCfrom February 1, 2008 to January 31, 2009.
The Vietnam Association ofSeafood Exporters and Producers (VASEP) cited the DOC’s report as saying thatthe Minh Phu Seafood Company, one of the two compulsory defendants in theanti-dumping lawsuit, is subject to the highest tax of 3.27 percent, while theremainder, the Nha Trang Seafood Joint Stock Company, bears the lowest level, at2.5 percent.
VASEP General Secretary Truong Dinh Hoe said theanti-dumping tariffs are adjusted every year based on the prices of shrimpexports to the US during that year and the dumping range applied to each companyis calculated on the basis of the average dumping band of compulsory defendants.
According to the official, the anti-dumping tariffs will come into forcewhen the US makes its final decision 90 days after the fourth review’spreliminary results were announced.
Director of the Nha Trang SeafoodCompany Ngo Van Ich said he hoped that the duties will be slashed to the lowestlevel, possibly to 0 percent, when the US makes its final decision, as thetariff already dropped 2.07 percentage points between the DOC’s third and fourthadministrative reviews.
Meanwhile, four other seafood exporters -- QVD,Vinh Hoan, SAMEFICO and Cadovimex II -- are likely to enjoy a zero percenttariff for their frozen “tra” fillet exports to the US .
The DOC madethe decision after it conducted an administrative review, the fifth of its kind,of Vietnam ’s “tra” fillet exports to the US market from August 1, 2007 to July31, 2008.
VASEP Vice Chairman Nguyen Huu Dung said this is only apreliminary decision and the DOC will set out its final decision after fourmonths.
Currently, the DOC is still imposing an average anti-dumpingduty of 0.02 USD per kg of “tra” fillet exported by the An Giang SeafoodImport-Export Company (Agifish) and East Sea (ESS JVC) and another 2.11 USD perkg for the products shipped by other companies./.
The anti-dumping dutyreduction is the result of the fourth administrative review conducted by the DOCfrom February 1, 2008 to January 31, 2009.
The Vietnam Association ofSeafood Exporters and Producers (VASEP) cited the DOC’s report as saying thatthe Minh Phu Seafood Company, one of the two compulsory defendants in theanti-dumping lawsuit, is subject to the highest tax of 3.27 percent, while theremainder, the Nha Trang Seafood Joint Stock Company, bears the lowest level, at2.5 percent.
VASEP General Secretary Truong Dinh Hoe said theanti-dumping tariffs are adjusted every year based on the prices of shrimpexports to the US during that year and the dumping range applied to each companyis calculated on the basis of the average dumping band of compulsory defendants.
According to the official, the anti-dumping tariffs will come into forcewhen the US makes its final decision 90 days after the fourth review’spreliminary results were announced.
Director of the Nha Trang SeafoodCompany Ngo Van Ich said he hoped that the duties will be slashed to the lowestlevel, possibly to 0 percent, when the US makes its final decision, as thetariff already dropped 2.07 percentage points between the DOC’s third and fourthadministrative reviews.
Meanwhile, four other seafood exporters -- QVD,Vinh Hoan, SAMEFICO and Cadovimex II -- are likely to enjoy a zero percenttariff for their frozen “tra” fillet exports to the US .
The DOC madethe decision after it conducted an administrative review, the fifth of its kind,of Vietnam ’s “tra” fillet exports to the US market from August 1, 2007 to July31, 2008.
VASEP Vice Chairman Nguyen Huu Dung said this is only apreliminary decision and the DOC will set out its final decision after fourmonths.
Currently, the DOC is still imposing an average anti-dumpingduty of 0.02 USD per kg of “tra” fillet exported by the An Giang SeafoodImport-Export Company (Agifish) and East Sea (ESS JVC) and another 2.11 USD perkg for the products shipped by other companies./.
