US keeps duties on Vietnamese frozen shrimp

US will continue imposing anti-dumping duty on Vietnamese frozen warm water shrimp to the US market after the second five-year sunset review, reported the Vietnam Competition Authority (VCA).
US keeps duties on Vietnamese frozen shrimp ảnh 1Illustrative image (Source: VNA)

Hanoi (VNA) - US will continue imposing anti-dumping duty on Vietnamese frozen warm water shrimp to the US market after the second five-year sunset review, reported the Vietnam Competition Authority (VCA).

According to the preliminary results of the second five-year sunset review of the antidumping duty order (AD Order) released on September 9, the Department of Commerce (DOC) on March 1, 2016 initiated the second sunset review of certain frozen warm water shrimp from Vietnam.

The department found that revoking the AD Order would be likely to lead to recurrence of dumping at the levels indicated in the "Preliminary Results of Review" section of the notice.

Vietnam's respondents said that they continue to ship at levels comparable to levels before the AD Order was imposed, according to the review.

The respondents each would have received de minimis margins in every review since the last sunset review if zeroing of negative dumping margins had not been applied, before or after the department adopted its differential pricing methodology.

Respondents expected the actual, non-zeroed margins to remain de minimis upon revocation, because the companies were able to sell at high volumes without dumping while the order was in place.

Meanwhile, the department examined the International Trade Commission (ITC) Dataweb data on the record of imports of the merchandise for the period before and after the AD Order was issued.

The y showed that while import volumes fluctuated following the AD Order, they have more recently remained at the same or higher volumes than pre-order import volumes.

Given the continued existence of margins calculated without zeroing in the eighth and ninth administrative reviews, completed since the 2011 Continuation Order, it is unlikely that respondents would be able to sell at pre-order volumes without dumping.

In addition, respondents argued that the margin likely to prevail was de minimis because the respondents would have received de minimis margins in every review conducted since the last sunset review if the department had not used zeroing in its calculations.

The department said with the exception of the last three most-recently completed administrative reviews, the department used average-to-average comparisons, along with zeroing, for each segment under the AD Order.

However, the Vietnam-wide rate, which has remained unchanged since the underlying investigation, was based on adverse facts available, the department said.

This adverse facts available rate was based on the petition and, therefore, did not include zeroing and is consistent with the Final Modification for Reviews. Thus, the DOC found that it has appropriated to provide the lTC the margin of 25.76 percent from the original investigation, which was based on adverse facts available, and not on the use of average-to-average comparisons with zeroing, as the rate up to which dumping is likely to continue or recur.

The final results of the second five-year sunset review are scheduled to be issued in January 2017.-VNA

VNA

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.