The panel considered 11 contents in Vietnam ’s claims and issued rulings on seven of them which are considered conducive to the Vietnamese side, especially in administrative proceedings and dumping margins.
Under the US Department of Commerce (DOC)’s decision reached during its 8 th period of review from February 1, 2012 to January 31, 2013, the nation-wide level of tariff on imported frozen Vietnamese shrimp still stood at 25.76 percent, the same level as the past seven review periods.
A year ago, DOC declared that Vietnamese exporters did not involve in dumping practice and imposed zero percent on their products.
During the year, the Vietnamese permanent mission to the United Nations, the WTO and international organisations in Geneva also asked for the establishment of a panel on case DS/429 which was approved by the WTO’s Dispute Settlement Body (DSB).
Later, it requested a review of the implementation of the DSB’s ruling on the similar case DS/404 and made claims with respect to the DOC's use of the “simple zeroing” methodology, the assignment of a rate to the non-market economy-wide entity, and the sampling of Vietnamese shrimp imports.
In the DS/404 case, the panel voiced support for two out of three issues raised by Vietnam and demanded the US government align its regulations with the WTO Anti-dumping Agreement and the 1994 General Agreement on Tariffs and Trade, saying that the zeroing methodology is inappropriate to the WTO regulations and should be banned.
Since the DS/404 case was launched, the Vietnamese mission has asked the US side to abide by the panel’s ruling and revise laws on the calculation of anti-dumping margins. (VNS)
(seafood.vasep.com.vn) The US remains Vietnam’s largest single market for shrimp imports, accounting for 20% of Vietnam's total shrimp exports globally. As of October 15th, 2024, Vietnamese shrimp exports to the US reached nearly 600 million dollas, marking a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) According to Vietnam Customs, pangasius exports to Canada reached over 1 million USD in the first half of October 2024, a 33% decrease compared to the same period last year. However, by October 15, 2024, total pangasius exports to Canada had reached 32 million USD, reflecting a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) Cà Mau is accelerating its digital transformation, developing green industries, and promoting high-tech processing of agricultural and aquatic products, with a focus on sustainable economic growth and environmental protection.
(seafood.vasep.com.vn) The Dong Thap Pangasius Festival 2024, themed 'Dong Thap Pangasius: Green Journey - Green Value', will take place on November 16-17 in Hong Ngu City.
The positive business momentum in the domestic seafood sector could last into the first half of 2025, according to experts.
(seafood.vasep.com.vn) In the first three quarters of 2024, brackish water shrimp production exceeded 1.1 million tons, with export revenue reaching $2.8 billion. The seafood industry has set a target of $4 billion for shrimp exports for the entire year.
While the price of 1 kg of shrimp hovers around 20 USD, the value of 1 kg of chitosan—extracted from shrimp—can soar to 500 USD. This highlights a significant challenge within the seafood processing industry.
(seafood.vasep.com.vn) By October, Vietnam's shrimp exports had generated nearly $3 billion, reflecting an increase of over 10% compared to the same period last year. Shrimp remains the leading commodity contributing to the export turnover of the entire seafood industry.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX VN - HoSE: FMC) concluded Q3/2024 with significant growth in revenue. Specifically, Sao Ta Food recorded revenue of VND 2,845 billion, a 58.6% increase year-on-year. The company's profit after tax reached VND 95 billion, up 6.2%.
VASEP's Seafood Export Report for the third quarter of 2024 provides a comprehensive overview of Vietnam's seafood export performance in the first nine months, with impressive results reaching $7.2 billion—an increase of 9% over the same period last year. In the third quarter alone, seafood exports grew by 15%, totaling $2.8 billion. This growth is attributed to a recovery in demand and prices in key markets such as the U.S. and China, as well as the competitive advantage of value-added products in markets like Japan and Australia.
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