Tuesday, November 21 2017

VietNamNews

US to maintain AD duties on Vietnamese shrimp export

Update: February, 06/2017 - 18:00
Anti-dumping duty would continue to be imposed on certain warmwater shrimp of Việt Nam when exported to the US. — Photo bnews.vn
Viet Nam News

HÀ NỘI — The US Department of Commerce said the revocation of anti-dumping (AD) order on certain frozen warmwater shrimp from Việt Nam would likely lead to a continuation or recurrence of dumping.

This was the conclusion of the department’s five-year sunset review published in a notice by the International Trade Administration on January 30 on the website federalregister.gov.

“We determine that revocation of the AD Order on certain frozen warmwater shrimp from Việt Nam would likely lead to a continuation or recurrence of dumping at weighted average margins up to 25.76 per cent,” the notice said.

This would mean that certain Vietnamese shrimp exporters would continue to have anti-dumping duties imposed on them.

According to undercurrentnews.comlast September, the department published final duty findings for its 10th period of review, which covered shrimp shipments from India and Việt Nam between February 1, 2014 and January 31, 2015.

The department’s preliminary duty rates in its 11th period of review were issued in early November for shipments made between February 1, 2015 and January 31, 2016, with the same levels that were finalised in the 10th review. The rate was 4.78 per cent for exporters participating in the review, except Minh Phú Corporation which reached a settlement agreement with the department. A rate of 25.75 per cent was applied on other exporters.

The final rates of the 11th review were expected to be published this month.

According to the Vietnamese Ministry of Industry and Trade’s Export-Import Department, shrimp account for some 50 per cent of Việt Nam’s seafood export revenue to the United States.

Việt Nam Seafood Exporters and Producers has forecast that shrimp export would reach US$3.4 billion in 2017, up 9 per cent from last year. — VNS

 

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