VGP – The US International Trade Commission (USITC) on September 20 decided to annul the anti-subsidy lawsuit on Vietnamese shrimp exports to the US market.
Accordingly, Vietnamese shrimp exporters will no longer be imposed anti-subsidy taxes in the US market.
Vietnamese shrimp are now freed from the higher Department of Commerce (DOC) taxes imposed under its August ruling and will be subjected to lower rates between 1.15-7.88%.
The DOC decision was prompted by an accusation of the Coalition of Gulf Shrimp Industries (COGSI) in which Vietnamese shrimp sector received unreasonable Government subsidies.
On September 10, the DOC acknowledged Vietnamese frozen shrimp does not indulge in US market price dumping and extended a zero percent tax rate to all 33 Vietnamese businesses serving US importers.
According to the Vietnamese Trade Office in the US, the decision affirms all Vietnamese shrimp exporters operate following the laws of the market and have not received any Government subsidies.
They should be treated fairly and equally in a manner reflecting the forward progress Vietnamese and US economic and trade relations have demonstrated in other spheres.
Under the decision, shrimp exports from India, Malaysia, China and Ecuador will also exempt from anti-subsidy duties in the US market./.
By Khanh Phuongcomments powered by Disqus