Final Vietnam Shrimp antidumping duties reduced
According to Vietnamnews, the U.S. Department of Commerce (DOC) on September 10 announced the final decisions after POR12, lowering anti-dumping tax on Vietnamese frozen shrimp to 4.78 percent, from the previous 25.39 percent announced in March.
The POR12 was conducted between February 1, 2016, and January 31, 2017. The new tax is applied to Sao Ta Foods Joint Stock Company (FIMEX VN), the sole mandatory defendant, and all other Vietnamese shrimp exporters. Vietnamese firms which had previously sold shrimp in the U.S. market under the anti-dumping duty of 4.78 percent in the previous review can recover the difference.
According to the VASEP, the move may help Vietnam’s shrimp exports to the U.S. recover in the months to come. In 2018, the country may earn $615 million from shipping shrimp to the U.S. market, down 6.5 percent year on year. The VASEP is also preparing for the POR13, which has two Vietnamese firms as mandatory defendants.