The US’s anti-dumping duties on Vietnamese frozen tra fish filletswill be reduced but still pose difficulties to Vietnamese exporters,according to the Vietnam Association of Seafood Exporters and Producers(VASEP).
Under the preliminary findings on its 10th administrative review for anti-dumping duties on tra fish filletsimported from Vietnam, the Department of Commerce has decided to imposeanti-dumping duties from zero to 2.39 USD per kilo on Vietnamese trafish fillets imported to the US between August 2012 and July 2013.
According to the DOC's preliminary decision, Vinh Hoan JSC – one ofthe leading local tra fish exporters to the US, who was underinvestigation and taken off the list of Vietnamese tra fish exporters,enjoyed a zero tax rate.
Meanwhile, duties on HungVuong Corporation, one of the large tra fish exporters to the US and 23other companies were revised from 1.2 USD to 0.58 USD per kilo.
AnviFish was charged duty at the highest rate of 2.39 USD per kilo asit did not supply specific timely information to the DOC.
However, the VASEP said the duties were unreasonable, as the DOCcontinued using Indonesian – a country that does not has similareconomy with Vietnam - as the surrogate country in calculating theanti-dumping rate.
The new duties will, however,not take effect until the final decision is made. Relevant parties willhave 120 days to reply before a final decision is taken.
According to Vietnam's General Department of Customs, export value oftra fish to the US in the first five months, showed a year-on-year dropof 26 percent to 126.6 million USD.
During the first five months, Vietnam's total export value of tra fish saw a year-on-year decline of 3.8 percent.
Two key tra fish export markets of Vietnam, the US and the EU, whichaccounted for 39.3 percent of the total export value, saw a reduction inexport values over the past few months, according to VASEP.
The association expected the exports of Vietnamese tra fish to the two markets to recover by the end of this year.
Other key export markets for Vietnamese tra fish, such as Brazil,Mexico, China and Hong Kong continued to grow, along with Colombia andSaudi Arabia.-VNA
Under the preliminary findings on its 10th administrative review for anti-dumping duties on tra fish filletsimported from Vietnam, the Department of Commerce has decided to imposeanti-dumping duties from zero to 2.39 USD per kilo on Vietnamese trafish fillets imported to the US between August 2012 and July 2013.
According to the DOC's preliminary decision, Vinh Hoan JSC – one ofthe leading local tra fish exporters to the US, who was underinvestigation and taken off the list of Vietnamese tra fish exporters,enjoyed a zero tax rate.
Meanwhile, duties on HungVuong Corporation, one of the large tra fish exporters to the US and 23other companies were revised from 1.2 USD to 0.58 USD per kilo.
AnviFish was charged duty at the highest rate of 2.39 USD per kilo asit did not supply specific timely information to the DOC.
However, the VASEP said the duties were unreasonable, as the DOCcontinued using Indonesian – a country that does not has similareconomy with Vietnam - as the surrogate country in calculating theanti-dumping rate.
The new duties will, however,not take effect until the final decision is made. Relevant parties willhave 120 days to reply before a final decision is taken.
According to Vietnam's General Department of Customs, export value oftra fish to the US in the first five months, showed a year-on-year dropof 26 percent to 126.6 million USD.
During the first five months, Vietnam's total export value of tra fish saw a year-on-year decline of 3.8 percent.
Two key tra fish export markets of Vietnam, the US and the EU, whichaccounted for 39.3 percent of the total export value, saw a reduction inexport values over the past few months, according to VASEP.
The association expected the exports of Vietnamese tra fish to the two markets to recover by the end of this year.
Other key export markets for Vietnamese tra fish, such as Brazil,Mexico, China and Hong Kong continued to grow, along with Colombia andSaudi Arabia.-VNA
