Higher US duties on VN shrimp

Local workers process shrimps for export. — File Photo

HÀ NỘI — The United States Department of Co妹妹erce (DOC) has officially levied higher anti-dumping duties on Vietnamese frozen warm-water shrimp exports during the review period starting February  一,  二0 一 四 to January  三 一,  二0 一 五.

The Vietnam Competition Authority (VCA) announced that this final decision was taken at the  一0th administrative review (POR  一0). DOC selected one mandatory respondent, which will be taxed at  四. 七 八 per cent. Therefore, voluntary respondents will also have to pay a duty rate of  四. 七 八 per cent.

Mandatory respondents are exporters selected for individual investigation by the DOC as part of its anti-dumping duty review, whereas exporters that are not initially chosen for investigation, but wish to participate and are accepted by DOC, are voluntary respondents.

Meanwhile, the tariff imposed on other Vietnamese firms or exporters not examined as mandatory or voluntary respondents in the POR 一0, remains at  二 五. 七 六 per cent, said VCA.

It added that the United States had significantly increased the duty rate for Vietnamese shrimp in the POR 一0, from 0. 九 一 per cent in the POR 九 to  四. 七 八 per cent at present, for both mandatory and voluntary businesses.

According to Vietnamese shrimp exporters, the higher anti-dumping duties will pose difficulties for their exports to the U.S. market in the future.

During the first seven months of this year, Việt Nam earned an export turnover of US$ 三 六 四. 八 million from shrimp exports, reflecting a year-on-year increase of  一 六. 三 per cent. — VNS