(vasep.com.vn) On 7th September 2015, US Department of Commerce (DOC) issued the final results of the ninth anti-dumping duty administrative reviews on frozen shrimp imported from Vietnam. The period of review (POR) is from 1st February 2013 to 31st January 2014. DOC imposes average anti-dumping duty of 0.91%, compared to 0.93% in the preliminary results announced in March 2015. This is much lower than final result of POR8, which was 6.37%.
For three mandatory respondents, rate applied for Minh Phu Seafood Corp is 1.39%, down from 1.5% in preliminary result. Rate for Thuan Phuoc Corp is 1.16%, slightly higher than preliminary result which was 1.06%. Rate applied for Fimex VN is 0%. Duty applied for 32 separate rate respondents is 0.91%. Vietnam-wide rate is 25.4%, down from 25.76% in POR8.
DOC based on data from Bangladesh, India and Indonesia for their calculations. These are suitable countries and this is a factor that lowered the anti-dumping rate.
With the reduction in antidumping tax in POR9, Vietnam shrimp export to the US is forecast to be better in the end of 2015, after a fall by over 50% in the first 8 months of this year.
Shrimp exports to the US rose sharply in the first months of 2014. After the US DOC announced the final results of POR8 with tax rate of 6.37%, the highest so far, from September 2014, shrimp exports to the US started declining.
In the first 8 months of 2015, Vietnam shrimp exports to the US reached US$ 370 million, continuing the downward trend due to competition on prices and supply against India and Indonesia.
The US is Vietnam's biggest shrimp importing market, accounting for over 20% of Vietnam's shrimp exports. In 2014, shrimp exports to the US surpassed US$ 1 billion.