(vasep.com.vn) In the preliminary result, DOC imposes an anti-dumping duty of 0.93%, much lower than the rate applied for the previous review period (POR8), which was 6.37%.
On 3rd March 2015, US Department of Commerce (DOC) announced preliminary results of of the ninth anti-dumping duty administrative reviews on certain frozen shrimp imported from Vietnam. The period of review (POR) is 1st February 2013 through 31st January 2014.
Among three mandatory respondents, the Minh Phu Seafood Corp would be levied at the rate of 1.5%, followed by Thuan Phuoc Corp with 1.06% while the rate for Fimex VN would be 0%. The average tax rate for voluntary defendants would be 0.93%.
If these preliminary results are retained in the final results, the condition for Vietnam shrimp exports to the US would be better. The final results will be announced after 90 days from the date of the preliminary results are announced.
In 2014, shrimp exports to the US increased from the first months of the year and started declining from September, after the US announced final results of POR8 with rates of 6.37%, the highest to date.
Reportedly, the US is the largest market for Vietnam shrimp. In 2014, Vietnam shrimp exports to the US reached US$ 1 billion.