US announced anti-dumping duty on Vietnam shrimp to 0%
The US has officially introduced a preliminary anti-dumping duty rate for Vietnamese shrimp to 0%, announced by the Vietnam Association of Seafood Exporters and Producers on April 10.
According to VASEP, the US Department of Commerce (DOC) announced on April 09 the preliminary anti-dumping duty rate for Vietnamese shrimp during the 13th administrative review period (POR13), with 31 businesses entitled to 0% tax.
According to the US Department of Commerce’s preliminary conclusion, frozen warm water shrimp products of 2 mandatory defendants including Sao Ta Food Joint Stock Company (Fimex VN) and Nha Trang Seafood Company (Nha Trang Seaproduct Company) were not being dumped into the US during the period from February 01, 2017 to January 31, 2018. Therefore, DOC announced a preliminary tax of 2 companies at 0%.
With other 29 Vietnamese companies that applied for a different tax rate or pledged no shipments to the US within the above time period, they also enjoy a 0% tax rate.
According to Mr. Ho Quoc Luc, Chairman of Sao Ta Food Joint Stock Company, this is the best anti-dumping tax rate in 13 years of history Vietnam pursues anti-dumping lawsuit of US shrimp.
In order to apply the above anti-dumping tax rates, Vietnamese enterprises have provided satisfactory data to DOC. This preliminary tax rate is expected to remain in the final decision of DOC in September, helping shrimp export to the US market in the future.
Source: Vietnam Finance