US to cut anti-dumping duties on Vietnamese shrimp

The U.S. Department of Commerce (DOC) late last week announced that the anti-dumping duty on Vietnamese shrimp shipped to the U.S. in an over-one-year period will be cut by roughly 86 percentage points, according to the Vietnam Association of Seafood Exporters and Processors (VASEP).

According  to the preliminary results of the DOC’s ninth administrative review (POR9) for anti-dumping duties on Vietnamese shrimp, the body will cut the tax rate from 6.37 percent to 0.93 percent for products exported to the U.S. between January 2, 2013 and January 31, 2014, said VASEP.

Of the three Vietnamese mandatory respondents, DOC determined that two companies, Minh Phu and Thuan Phuoc, sold their products below cost and were subject to an anti-dumping tax rate of 1.5 percent and 1.06 percent, respectively.

Meanwhile, Sao Ta Co. has been determined not to be subject to any anti-dumping tax rate. Other Vietnamese shrimp exporters were subject to the general tax rate of 0.93 percent.

View full script here