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| The zero per cent tax is great news for the Vietnamese shrimp sector. (Photo: enternews.vn) |
The DOC announced that the zero percent tariff will be applied to the two
mandatory respondents in the review, Sao Ta Foods JSC and Nha Trang Seaproduct
Company. The other 29 enterprises shipping shrimp to the US will be subject to
the same rate at zero percent.
Earlier, the DOC in a preliminary finding concluded that the two mandatory
respondents did not dump their shrimp products on the US market, making them
exempt from anti-dumping tariffs when exporting shrimp to the country between
February 1, 2017, and January 31, 2018.
According to Vietnam Association of Seafood Exporters and Producers (VASEP),
Vietnam's shrimp exports to the US have recently bounced back.
In July 2019, shrimp exports to the US market increased 37.2 percent to reach 77
million USD, raising the total turnover in the first seven months of this year
to 327.4 million USD, a year-on-year rise of 5 percent.
Apart from the US, Vietnam is exporting shrimp to other major markets such as
the EU, the Republic of Korea, and China. - VNA
Source: VNA
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