US Begins Collecting Anti-dumping Duties on Vietnam Shrimp

US Begins Collecting Anti-dumping Duties on Vietnam Shrimp

The US government has ordered its customs office to start collecting anti-dumping tariffs on shrimp imports from Vietnam and five other countries, according to the Vietnam Association of Seafood Exporters and Producers (VASEP) on February 2.

The US Customs and Border Protection have been told to begin collecting a  US$2.3 billion deposit from American seafood importers buying froen shrimps from Vietnam and five other countries, VASEP said.

Vietnam and the five other countries including India, Thailand, Ecuador, China and Brail were charged with anti-dumping tariffs late last year for selling shrimp to the US at below-market prices.

The duties will be applicable for two years, VASEP said. After that, the US government will reconsider shrimp sales and make changes accordingly on the tax rates.

Earlier on January 26, the US Department of Commerce (DOC) decided to raise tariffs on Vietnam’s froen shrimps by 0.17 per cent to 0.25 per cent from its December rulings. In December, the DOC upheld the imposition of penalty taxes on shrimp imports from Vietnam and slapped anti-dumping tariffs ranging from 4.13 per cent to 25.76 per cent.

On January 7, the quasi-judicial US International Trade Commission issued a ruling that support the DOC’s decision, paving the way for the taxes to take effect.

VASEP has repeatedly said that Vietnamese producers did not dump shrimp in the American market and that any tariff rates were unfair and unreasonable.

• Young People