US removes anti-dumping duty on Vietnam shrimp shipments

TN News

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The US Department of Commerce has ruled that 33 Vietnamese firms that were forced to pay anti-dumping duty on shrimp they exported in 2011-12 do not have to pay it after all.

Its conclusion September 10 followed an anti-dumping duty administrative review.

But they have to pay the tax -- of 25.76 on average -- for exports to the US after January 31, 2012.

The department slapped punitive duties on seafood in 2004 for receiving unfair financial support from their government, and since then has carried out yearly reviews to adjust the rates.

The Voice of Vietnam news website quoted Truong Dinh Hoe, general director of the Vietnam Association of Seafood Exporters and Producers, as saying it was good news for the industry, which has faced an additional 4.52 percent since last month.

The US is the biggest market for Vietnamese shrimp exporters, with shipments totaling US$821 million this year. 

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