April 27, 2020 | 17:54 (GMT+7)
US cuts anti-dumping taxes on Vietnamese catfish products
The US Department of Commerce (DOC) has lowered anti-dumping duties on tra fish (pangasius) products from Vietnam following its official conclusion of its 15th period of review (POR15) from August 1, 2017 to July 31, 2018, according to the Trade Remedies Authorities of Vietnam under the Ministry of Trade and Industry (MoIT).
The final anti-dumping taxes on Vietnamese products has been set at 0.15 USD per kilogramme (equivalent to 3.8 percent of the export price), lower than the final results for POR14 at 1.37 USD per kilogramme.
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Serving visitors with tra fish at an aquatic product fair |
Other Vietnamese exporters not examined by the DOC will be subject to a tariff of 2.39 USD per kilogramme, the same as the rate for POR14.
Big Vietnamese exporters, including Vinh Hoan JSC and Bien Dong Seafood Company, will continue to enjoy a zero tariff rate.
The DOC is working on POR16. The MoIT advised local exporters to continue cooperating with the DOC, providing accurate information for positive final results.
The ministry will continue to coordinate with other ministries, sectors, the Vietnam Association of Seafood Exporters and Producers (VASEP) and related export companies to take necessary actions to protect the rights and interests of the domestic tra fish industry.
Vietnamese tra fish have been subject to US anti-dumping duties since 2003 and annual reviews ever since.
Vietnamese tra fish exporters have faced export restrictions imposed by numerous nations, but still managed to ship over 2 billion USD worth of products in 2018 and 2019.
Source: VNA