US maintains anti-dumping duties on pangasius imported from Vietnam
VOV.VN - The United States’ Department of Commerce (DOC) has announced that it will maintain the existing anti-dumping tariffs placed pangasius products imported from the Vietnamese market.
The move comes following the DOC issuing the final conclusion in the 18th review (POR18) for the period from August 1, 2020, to July 31, 2021, for Vietnamese pangasius and basa fish.
Following a request made by relevant stakeholders, the DOC has kept the anti-dumping tax rate applied to each company based on the results of the most recent reviews.
During the 17th review (POR17), the DOC assessed that two Vietnamese enterprises were subject to respective anti-dumping duties of US$0.00 per kilo and US$3.87 per kilo, while one company is to be subject to a separate tax rate of US$1.94 per kilo.
Furthermore, a national tax rate of US$2.39 per kilo has been applied to the remaining 32 companies as part of the review.
During the POR18 review, the DOC also determined that a Vietnamese exporting firm was not eligible for a separate tax rate, thereby being levied a national tax rate of US$2.39 per kilo.
At present, the DOC is in the process of receiving the application for the 19th review (POR19) for the period from August 1, 2021, to July 31 for Vietnamese pangasius.
Moving forward, the Ministry of Industry and Trade will continue to work alongside the Vietnam Association of Seafood Exporters and Producers (VASEP), Vietnamese pangasius exporters, and the US side in order to strictly monitor and update information as part of efforts to deal with relevant issues, thereby ensuring the legitimate rights and interests of Vietnam in this regard.
According to statistics released by the VASEP, the local seafood sector raked in about US$7.6 billion during the eight-month period, up 36.2% on-year.
In terms of the figure, pangasius and basa exports surged by approximately 81% to about US$1.8 billion against the same period from last year.
China and the US remain the nation’s two leading pangasius export markets, with export turnover in the reviewed period reaching nearly US$500 million and US$428 million, respectively.
Despite Vietnamese tra fish being subject to US anti-dumping duties since 2003, many large Vietnamese pangasius producers and exporters have maintained a tax rate of US$0.00 per kilo through the reviewed periods as part of efforts to continue exporting to the demanding market.
