Underthe US Department of Commerce (DOC)’s decision issued on August 12,anti-subsidy duties of 7.88 percent will be imposed on products of MinhQuy Seafoods Co. Ltd; 1.15 percent on products of Nha Trang SeaproductCo. and 4.25 percent on frozen shrimp of other Vietnamese exporters.
VASEP said DOC’s decision is unfair to theVietnamese shrimp industry in the context that Vietnamese businesses areoperating in line with the market mechanism and they have so far notreceived any subsidy from the State.
The association stressedthat the CVD, together with the anti-dumping duty imposed onVietnamese shrimp, directly affect the livelihood of over 600,000farmers, workers and exporters in Vietnam.
At the sametime, the decision will also make direct impacts on US consumers as theywill have to pay higher prices for their favourite imported shrimp, theassociation said.
It noted that the US shrimp industryposted significant growth in both output and price last year, showingthat imported shrimp was not able to cause damage or pose any threat toit.
VASEP called on the US International Trade Commission tobe impartial and make right and sensible decisions to end the lawsuitonce and for all.
Besides Vietnam , t he DOC also imposedduties on shrimp imports from Malaysia (54.5 percent), China(18.2 percent), India (11.1 percent) and Ecuador (13.5 percent).
The decision to impose the new duties willtake effect when it gets approval from the US International TradeCommission (ITC) and ballots will be cast on September 19.-VNA