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Vietnam Agriculture News

Vietnam Business » Vietnam Agriculture News » Four Vietnam fish exporters avoid anti-dumping tax from US

Four Vietnam fish exporters avoid anti-dumping tax from US

The frozen fillets of four tra catfish exporters have been declared antidumping-tax exempt after the US Commerce Departments fifth administrative review of imports between August 1, 2007 and July 31, 2008. The four are QVD, Vinh Hoa, Samefico and Cadovimex 2, says the Viet Nam Association of Seafood Exporters and Producers (Vasep) Association in a statement.

But the US Commerce Department last year continued its general tariff on Viet Nams fish fillets beyond a five-year sunset review of imports from Viet Nam.

The tariff for the next five years will range between 26.84 per cent and 63.88 per cent - the same as after the first review in 2002.

The tariff will be subject to administrative review during each of the five years with eligible exporters declared anti-dumping-tax exempt.

The Vaseps statement says the ruling will have an adverse effect on the competitiveness of tra and basa in the US market.

It will hurt not only the exporters but also US companies that use the produce in production; American consumers - who have to pay more for fish with fewer choices - and struggling workers.

Viet Nams Industry and Trade Ministry rejects the Commerce Departments finding and says the countrys exporters do not "dump" catfish into the US market.

The anti-dumping decisions of US agencies since 2002 do not reflect the reality of Viet Nams tra and basa production and marketing, it says.

The volume of tra exports to the US increased by 70 percent to 41,609 tonnes worth US$1.34 million last year against 2008 despite the antidumping tariff.

Exports of tra and basa fish earned $1.3 billion in 2009 and are expected to earn $1.5 billion this year.

Vietnam Business And Financial News Network. Source [intellasia.net]

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