Vietnam’s Ministry of Industry and Trade has said that a new tariff imposed on pangasius exports by the U.S. Department of Commerce (DOC) is not objective and has asked for the U.S. to reconsider its decision.
In response, a U.S. official said at a press conference on Monday that the move would not significantly disrupt trade from Vietnam to the U.S.
The DOC has decided to apply a higher tariff for Vietnamese pangasius exports following the completion of an anti-dumping investigation on March 15. The new tariff stands at $7.74 per kilo on products from the two companies that were the subject of the investigation, while other exporters face a fee of $3.87 per kilo, the highest tax the U.S. has ever imposed on Vietnamese pangasius.
Upon learning of the new tax, the Vietnamese ministry issued a statement on March 19 saying the toll was “not objective” and reflected a protectionist stance.
In response, Daniel Kritenbrink, the U.S. ambassador to Vietnam, said that America’s decision was based on a routine, regular review, and that Vietnam still had full access to the U.S. market, including pangasius related products.
The U.S. has been the biggest importer of Vietnamese pangasius in recent years, but strict regulations on quality and food safety, especially a catfish inspection program that was launched in August last year to check the fish from the farm through to processing and shipment, have repeatedly created a bumpy road to the U.S. for Vietnamese exporters.
Vietnam made $1.78 billion from exporting pangasius fish last year, up 4.3 percent against 2016, but its earning from exports of the fish to the U.S. dropped 11 percent to $387 million, said the Vietnam Association of Seafood Exporters and Producers.
According to Vietnam Customs, the export of value-added pangasius in the first eight months of 2024 has been evaluated as quite positive, with continuous growth in many major markets such as the United States, CPTPP, and the Netherlands...
(seafood.vasep.com.vn) The Department of Fisheries of Ca Mau province coordinated with the School of Fisheries under Can Tho University to organize training courses on high-tech shrimp farming for 120 people in processors, cooperatives and families that are raising intensive and super-intensive shrimp in the province.
(seafood.vasep.com.vn) Currently, Soc Trang province plans to expand its shrimp farming area from over 50,000 hectares to 57,000 hectares by 2025, aiming for a production of 233,800 tons and maintaining a $1 billion export value. The project will establish 45 climate-resilient shrimp farming models and ensure all farms meet aquaculture standards for traceability.
(seafood.vasep.com.vn) In July 2024, Vietnam's fish cake and surimi exports declined. The export value reached just over 24 million USD, down 3% over the same period. In the first 7 months of 2024, the cumulative export of this product group reached 152 million USD, down 13%.
(seafood.vasep.com.vn) Dong Thap is a key region for pangasius farming, boasting the largest production in the Mekong Delta. In the first seven months of 2024, the estimated aquaculture area reached 4,778 hectares, with a harvest yield of 307,336 tons. Of this, the intensive pangasius farming area covered 2,042 hectares, with a harvest of 252,670 tons.
(seafood.vasep.com.vn) According to Vietnam Customs, in the first half of August 2024, Vietnam's pangasius exports to the EU reached nearly 8 million USD, up 57% over the same period. Cumulative pangasius exports to this market as of August 15, 2024, reached 107 million USD, up 0.5% over the same period last year.
(seafood.vasep.com.vn) The Board of Directors of International Development & Investment Corporation (IDI) is confident of completing this year's profit plan in the context of gradually recovering demand for pangasius in China and Mexico.
(seafood.vasep.com.vn) Some farmers in Soc Trang province have successfully applied a balanced biological shrimp farming technique, which eliminates the use of chemicals to minimize environmental impacts. This is a model of farming that adapts to climate change.
8 finalists have been named in the best new seafood product competition to be awarded at Seafood Expo Asia, taking place 4 to 6 September at the Sands Expo and Convention Centre in Singapore.
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