Tra fish export to US increases despite anti-dumping measures
Despite high anti-dumping tariff imposed by the US, Vietnam exported to the market 108 million USD worth of Tra fish products between January and April, up 26 percent from the same period last year.
Tra fish processing in Bien Dong Company (Source: VNA)
HCM City (VNA) – Despite high anti-dumping tariff imposed by the US, Vietnam exported to the market 108 million USD worth of Tra fish products between January and April, up 26 percent from the same period last year.
According to the Vietnam Association of Seafood Exporters and Producers (VASEP), the sum accounted for 17 percent of the total value of the country’s Tra fish exports in the four months, which were close to 600 million USD, an annual increase of 18 percent.
The rise is partly attributable to increases of 5,000-6,000 VND in domestic material prices of Tra fish compared to last year, pushing up export prices during the period.
VASEP predicted Tra fish export to the US in the second quarter to increase slightly against last year, but the number of exporters remains under 3. It said anti-dumping tariff and inspection are two main reasons that prevent many businesses from exporting to the market.
Apart from the US, Tra fish exports to China, ASEAN region, and Colombia were also forecast to be on the rise in the coming time.
On March 20, 2018, the US Department of Commerce (DOC) announced the final results of the 13th administrative review (POR 13) of anti-dumping duties on frozen pangasius fillets from Vietnam between August 1, 2015 and July 31, 2016, slapping unprecedentedly high rates of up to 3.87 USD per kg.
Vietnam and China are currently the only two suppliers of Tra fish for th♋e US, with Vietnamese Tra fish making up 🐭90 percent of its total imports of the product.-VNA
The US’s recent ruling to impose unprecedentedly high anti-dumping duties on tra fish fillets from Vietnam lacks a legal basis, said the Agro Processing and Market Development Authority (APMDA) under the Vietnam Ministry of Agriculture and Rural Development (MARD).
Vietnam’s tra fish exports face an array of difficulties and challenges on the path to achieving this year’s export revenue target of more than 2 billion USD, including high anti-dumping duties, technical barriers and unhealthy competition.
The Vietnamese Ministry of Agriculture and Rural Development (MARD) will urge the US to promptly conduct a field study of Vietnam’s tra fish market, said an official.
Vietnam’s tra fish (pangasius) exports to China continued to record year-on-year strong growth of 43 percent to 145 million USD in the first four months of 2018.
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Tra fish processing in Bien Dong Company (Source: VNA)
