Tra fish farming in Hau Giang province (Photo: VNA)HCM City (VNA) – The US Department of Commerce (DOC) reducedanti-dumping duties on Vietnamese tra and basa (pangasius) fish under itspreliminary conclusion of the 14th period of review (POR14) for theperiod from August 1, 2016 to July 31, 2017.
Accordingly, the preliminary anti-dumping taxes on products of two mandatoryrespondents are 0 USD per kilogramme, and 1.37 USD per kilogramme. The tarifffor voluntary respondents is 0.41 USD per kilogramme, while the tax imposed onother Vietnamese exporters not examined as mandatory or voluntary respondentswill be 2.39 USD per kilogramme, lower than the final results of POR13.
Although the DOCis scheduled to announce the final results of POR14 in January 2019, its moveto lower the anti-dumping tariffs is seen as a positive signal for Vietnamesecatfish exporters.
Earlier, in its final results of the 13th period of review (POR13),Go Dang Seafood Joint Stock Company (GODACO) - the only mandatory respondent - wastaxed 3.87 USD per kilogramme, and other firms were levied at the same rate.This was the highest-ever level, which rose six times as compared to theresults of POR12.
Accordingto the Vietnam Association of Seafood Exporters and Producers (VASEP),necessary legal proceedings were carried out to ask the DOC to meticulously review data provided by the Vietnamese firms and give a morerational anti-dumping taxes.
The high, irrational taxes in POR13 left little room for Vietnamese catfish toenter the US market, VASEP said.
Besides high anti-dumping duties, catfish exports have been impacted by the USinspection programme from August.
VASEP said that tra fish exports to the US market hit 196.8 million USD in thefirst six months of the year, accounting for 19.6 percent of total tra fishshipments, and up 11.6 percent from the same period in 2017. A decline in theworld supply was attributed to the increase of export revenue as it made theprices of tra fish increase during January-June.-VNA
Accordingly, the preliminary anti-dumping taxes on products of two mandatoryrespondents are 0 USD per kilogramme, and 1.37 USD per kilogramme. The tarifffor voluntary respondents is 0.41 USD per kilogramme, while the tax imposed onother Vietnamese exporters not examined as mandatory or voluntary respondentswill be 2.39 USD per kilogramme, lower than the final results of POR13.
Although the DOCis scheduled to announce the final results of POR14 in January 2019, its moveto lower the anti-dumping tariffs is seen as a positive signal for Vietnamesecatfish exporters.
Earlier, in its final results of the 13th period of review (POR13),Go Dang Seafood Joint Stock Company (GODACO) - the only mandatory respondent - wastaxed 3.87 USD per kilogramme, and other firms were levied at the same rate.This was the highest-ever level, which rose six times as compared to theresults of POR12.
Accordingto the Vietnam Association of Seafood Exporters and Producers (VASEP),necessary legal proceedings were carried out to ask the DOC to meticulously review data provided by the Vietnamese firms and give a morerational anti-dumping taxes.
The high, irrational taxes in POR13 left little room for Vietnamese catfish toenter the US market, VASEP said.
Besides high anti-dumping duties, catfish exports have been impacted by the USinspection programme from August.
VASEP said that tra fish exports to the US market hit 196.8 million USD in thefirst six months of the year, accounting for 19.6 percent of total tra fishshipments, and up 11.6 percent from the same period in 2017. A decline in theworld supply was attributed to the increase of export revenue as it made theprices of tra fish increase during January-June.-VNA
VNA
