Wed. Apr 10th, 2024

US hits fish sector with anti-dump tax

HA NOI (VNS)— The US Department of Commerce (DoC) has decided to impose anti-dumping taxes on frozen tra fish fillets imported from Viet Nam.

The news was released by the Viet Nam Association for Seafood Exporters and Producers (VASEP).

The DoC chose Indonesia as the sole benchmark country to calculate the anti-dumping rate, replacing Bangladesh which shares many similarities with Viet Nam in breeding standards and input costs.

Following its final decision, Vietnamese tra exporters will have to pay much higher duties, from at least US$0.19 to $0.77-3.87 per kilo, with Docifish Corp at the top end of the scale.

Vinh Hoan Co had the highest export turnover to the US and used to enjoy tax exemption, but it has been levied $0.19 per kilo.

The DoC’s decision will take effect as of next week until early 2014 before its next administrative review.

VASEP representatives were not available for further comment yesterday.

Last year, Viet Nam earned $358 million from frozen tra fish fillet exports to the US, its second largest market. — VNS

By vivian