The United States International Trade Commission (USITC) has decided tocancel anti-subsidy measures against companies exporting frozen shrimpfrom Vietnam.
The decision came after the USITC’ssix-member committee took a vote on the issue, with four members voicingtheir support for the cancellation on September 20.
Theimport duty on Vietnamese shrimp – which ranged from 1.15 percent to7.88 percent as set by the DOC – has now been lifted.
On August 13, the US Department of Commerce (DOC) announced it wasintroducing an anti-subsidy duty on Vietnamese frozen shrimp, reasoningthat any subsidy would pose a threat to the US shrimp industry.
This is a twin victory for Vietnamese shrimpexporters, Vietnam ’s commercial counsellor in the US , Dao TranNhan, said in an interview with Vietnam News Agency.
On September 10, the DOC announced the results of a review on frozenwarm-water shrimp from Vietnam . It found that Vietnamese businessesdid not dump their shrimp products on the US market, undercuttingdomestic producers, during the February 2011-January 2012 period.
The outcome is that at all 33 Vietnamese shrimp exporters will nowenjoy a zero import tax rate in the US and be refunded the taxesthey paid earlier.
America is now Vietnam ’sleading shrimp importer, contributing one quarter of the country’stotal shrimp export turnover of 1.7 billion USD in the first eightmonths of this year.
Vietnam ranks fifth among shrimp exporters to the US , earning 4.3 billion USD from the market last year.-VNA
The decision came after the USITC’ssix-member committee took a vote on the issue, with four members voicingtheir support for the cancellation on September 20.
Theimport duty on Vietnamese shrimp – which ranged from 1.15 percent to7.88 percent as set by the DOC – has now been lifted.
On August 13, the US Department of Commerce (DOC) announced it wasintroducing an anti-subsidy duty on Vietnamese frozen shrimp, reasoningthat any subsidy would pose a threat to the US shrimp industry.
This is a twin victory for Vietnamese shrimpexporters, Vietnam ’s commercial counsellor in the US , Dao TranNhan, said in an interview with Vietnam News Agency.
On September 10, the DOC announced the results of a review on frozenwarm-water shrimp from Vietnam . It found that Vietnamese businessesdid not dump their shrimp products on the US market, undercuttingdomestic producers, during the February 2011-January 2012 period.
The outcome is that at all 33 Vietnamese shrimp exporters will nowenjoy a zero import tax rate in the US and be refunded the taxesthey paid earlier.
America is now Vietnam ’sleading shrimp importer, contributing one quarter of the country’stotal shrimp export turnover of 1.7 billion USD in the first eightmonths of this year.
Vietnam ranks fifth among shrimp exporters to the US , earning 4.3 billion USD from the market last year.-VNA
