Vietnamese shrimp exporters enjoy zero taxes to US
The US Department of Commerce (DOC) on August 22 released the final results of the 13th period of review (POR 13), officially imposing zero percent tariffs on 31 Vietnamese shrimp exporters.
The zero per cent tax is great news for the Vietnamese shrimp sector. (Photo: enternews.vn)
Hanoi (VNA) - The US Department of Commerce (DOC) on August 22 releasedthe final results of the 13th period of review (POR 13), officially imposingzero percent tariffs on 31 Vietnamese shrimp exporters.
The DOC announced that the zero percent tariff will be applied to the twomandatory respondents in the review, Sao Ta Foods JSC and Nha Trang SeaproductCompany. The other 29 enterprises shipping shrimp to the US will be subject tothe same rate at zero percent.
Earlier, the DOC in a preliminary finding concluded that the two mandatoryrespondents did not dump their shrimp products on the US market, making themexempt from anti-dumping tariffs when exporting shrimp to the country betweenFebruary 1, 2017, and January 31, 2018.
According to Vietnam Association of Seafood Exporters and Producers (VASEP),Vietnam's shrimp exports to the US have recently bounced back.
In July 2019, shrimp exports to the US market increased 37.2 percent to reach77 million USD, raising the total turnover in the first seven months of thisyear to 327.4 million USD, a year-on-year rise of 5 percent.
Apart from the US, Vietnam is exporting shrimp to other major markets such asthe EU, the Republic of Korea, and China. - VNA
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The zero per cent tax is great news for the Vietnamese shrimp sector. (Photo: enternews.vn) 
