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Shrimp find relief from US anti-dumping duties

Released at: 13:24, 11/09/2015

Shrimp find relief from US anti-dumping duties

DOC's ninth review on Vietnam's shrimp exports to the US eases tariff burden significantly.

by Thu Hoang

The US Department of Commerce (DOC) has recently announced the final results of it ninth administrative review (POR9) of anti-dumping duties on Vietnamese shrimp, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Anti-dumping duties on most Vietnamese shrimp exported to the US will be 0.91 per cent, lower than the 0.93 per cent contained in POR9’s preliminary results released in March and significantly less than the 6.37 per cent imposed in POR8.

Of the three mandatory Vietnamese respondents, the DOC determined that Minh Phu Seafood Corp will be subject to an anti-dumping tariff of 1.39 per cent, lower than the 1.5 per cent in POR9’s preliminary results, and Thuan Phuoc Corp will be subject to a 1.16 per cent tariff, higher than the POR9 preliminary results of 1.06 per cent.

Sao Ta Foods JSC (Fimex Vietnam) will enjoy a zero tariff rate, while the other 32 shrimp exporters will be subject to a rate of 0.91 per cent.

The main reason for the cuts in the POR9 tariffs is because three countries - Bangladesh, India and Indonesia - were selected as comparison markets in calculating the costs of production.

With the decrease in anti-dumping tax rates under POR9 compared with POR8, Vietnam’s shrimp exports to the US are forecast to prosper over the remaining months of the year after falling more than 50 per cent in the first eight months, according to VASEP, due to competitive pressure in price and supply from India and Indonesia.

Vietnam’s shrimp exports to the US last year recorded a significant increase in the early months but began to decline in September after the US announced the POR8, with anti-dumping duties of 6.37 per cent - the highest rate ever.

The US is the largest market for Vietnam’s shrimp, accounting for 20 per cent. Export value reached $1 billion last year.

 No 

Exporter

Final tax rate of POR9 (%)

1

Minh Phu Seafood Corp

1.39

2

Sao Ta Foods Joint Stock Company

0.00

3

Thuan Phuoc Seafoods and Trading Corporation

1.16

4

Bac Lieu Fisheries Joint Stock Company

0.91

5

Bentre Forestry and Aquaproduct Import-Export Joint Stock Company

0.91

6

Camau Frozen Seafood Processing Import Export Corporation

0.91

7

C.P. Vietnam Corporation

0.91

8

Cadovimex Seafood Import-Export and Processing Joint Stock Company

0.91

9

Can Tho Import Export Fishery Limited Company

0.91

10

Fine Foods Co.,

0.91

11

Cuu Long Seaproducts Company

0.91

12

Gallant Ocean (Vietnam) Co., Ltd.

0.91

13

Gallant Dachan Seafood Co., Ltd.

0.91

14

Goldenquality Seafood Corporation

0.91

15

Hai Viet Corporation

0.91

16

Investment Commerce Fisheries Corporation

0.91

17

Kim Anh Company Limited

0.91

18

Minh Cuong Seafood Import Export Frozen Processing Joint Stock Co

0.91

19

Minh Hai Export Frozen Seafood Processing Joint-Stock Company

0.91

20

Minh Hai Joint-Stock Seafoods Processing Company

0.91

21

Minh Hai Sea Products Import Export Company

0.91

22

Nha Trang Fisheries Joint Stock Company

0.91

23

Nha Trang Seafoods Group

0.91

24

Ngoc Tri Seafood Joint Stock Company

0.91

25

Phuong Nam Foodstuff Corp

0.91

26

Quoc Viet Seaproducts Processing Trading and Import-Export Co., Ltd

0.91

27

Soc Trang Seafood Joint Stock Company

0.91

28

Tacvan Frozen Seafood Processing Export Company

0.91

29

Tan Phong Phu Seafoods Co., Ltd.

0.91

30

Thong Thuan Company Limited

0.91

31

UTXI Aquatic Products Processing Corporation

0.91

32

Viet Foods Co., Ltd.,

0.91

33

Vietnam Clean Seafood Corporation

0.91

34

Viet Hai Seafood Co., Ltd.,

0.91

35

Viet I-Mei Frozen Foods Co., Ltd.

0.91

  • TAGS
  • US
  • cut
  • anti-dumping duties
  • Vietnamese shrimp
  • DOC's ninth administrative review
  • POR9
  • 0.91 per cent

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