The Ministry of Foreign Affairs has objected to the US International Trade Commission's extension of anti-dumping tariffs on Vietnamese catfish products for another five years.
MOFA spokesman Le Hai Binh told the press Thursday that Vietnamese tra and basa catfish exporters did not dump frozen tra and basa fillets in the US market as concluded by the US Department of Commerce (DOC).
The USITC passed the tariff extension after the DOC concluded that revoking them could lead to the continuation or recurrence of underselling by up to 63.88 percent on the US market.
The DOC also said it will re-calculate the duties for affected Vietnamese exporters, every year.
Mr. Binh called the decision unfair and a violation of the spirit of free trade as well as the fine economic and trade relations between the two nations, particularly particularly the US-Vietnam Comprehensive Partnership.
“We think that trade activities between the two countries must be reviewed in a fair and objective way that balances the interests of Vietnamese tra and basa farmers, processors and exporters against those of US consumers, importers and distributors,” he told the press.
Vietnam shipped US$240 million worth of frozen tra and basa fillets into the US, Vietnam’s second-largest import market after Europe, during the first nine months of this year, official figures show.
This represented a 17 percent decrease in value compared to the same period last year.