(VOV) – The US Department of Commerce has concluded that all 33 Vietnamese businesses do not dump their frozen warm water shrimp products on the US market.
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The September 10 decision was made after the DOC had completed its administrative review of the anti-dumping duty order on certain frozen warm water shrimp from Vietnam for the 7th period of review (POR 7) from February 1, 2011 to January 31, 2012.
The DOC’s final determination means all 33 Vietnamese shrimp processors will enjoy a zero tax rate on shrimp products imported into the US during the reviewed period.
The US imposed an average anti-dumping tax rate of 4.57% on frozen warm water shrimp imported from Vietnam following POR 1 from July 2004 to January 2006.
The Vietnam Association of Seafood Exporters and Processors (VASEP) filed a petition to the DOC, affirming that Vietnamese businesses operate under the market economy mechanism.
Their all-out efforts to pursue the case have paid off and this is the first time the DOC has acknowledged that Vietnamese shrimp processors do not injure the US market.
VASEP has reaffirmed that Vietnamese shrimp businesses uphold the market law and receive no State subsidy in their operations.
Therefore, it says their shrimp products should be treated fairly and equally in the US in line with trade liberalisation, as well as the growing economic ties between Vietnam and the US.
In the first second months of 2013, Vietnam earned US$337.6 million from shrimps exports to the US, accounting for one fourth of the country’s total shrimp exports.