U.S. Exempts Antidumping Tax for 2 Vietnamese Seafood Firms

The U.S. Department of Commerce (DOC) has decided to remove antidumping tariff on catfish products exported by two Vietnamese seafood companies, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

 

In the final outcome of the administrative review of antidumping taxes levied on Vietnamese catfish, the DOC said the South Vietnam Fishery Co. Ltd (South Vina) and the Binh An Fishery JSC (Bianfishco) did not dump catfish in the U.S. market and the companies will enjoy a 0 per cent tax rate.

 

Meanwhile, three other Vietnamese exporters, namely the Dong Thap QVD Foodstuff Ltd. Co., the An Giang Fisheries Import-Export Joint-Stock Company and the Viet An Joint Stock Company, are to enjoy a tax rate of just 0.52 per cent.  

     

The common tax rate levied on the remaining Vietnamese exporters is 63.88 per cent.  

     

All of these tax rates will take effect following the publication of the US Federal Register.  

     

Anti-dumping taxes on frozen tra and basa catfish imported from Vietnam were issued by the DOC in August 2003 and have been periodically reconsidered since then.

 

The U.S. imported nearly US$739 million worth of seafood from Vietnam in 2009. (Vasep, Vietnam Agriculture)