VASEP: US New Antidumping Taxation On Tra Fish Unreasonable
14/07/2014 12:00
The US’s anti-dumping duties on Vietnamese solidified tra fish fillets will be reduced though still poise problems to Vietnamese exporters, according to a Vietnam Association of Seafood Exporters and Producers (VASEP).Under a rough commentary on a 10 th executive examination for anti-dumping duties on tra fish fillets imported from Vietnam, a Department of Commerce has motionless to impose anti-dumping duties from 0 to 2.39 USD per kilo on Vietnamese tra fish fillets alien to a US between Aug 2012 and Jul 2013.According to a DOC’s rough decision, Vinh Hoan JSC – one of the heading internal tra fish exporters to a US, who was under investigation and taken off a list of Vietnamese tra fish exporters, enjoyed a 0 taxation rate. Meanwhile, duties on Hung Vuong Corporation, one of a vast tra fish exporters to a US and 23 other companies were revised from 1.2 USD to 0.58 USD per kilo.AnviFish was charged avocation during a top rate of 2.39 USD per kilo as it did not supply specific timely information to a DOC.However, a VASEP pronounced a duties were unreasonable, as a DOC continued regulating Indonesian – a nation that does not has similar economy with Vietnam – as a broker nation in calculating the anti-dumping rate.The new duties will, however, not take outcome until a final preference is made. Relevant parties will have 120 days to respond before a final preference is taken. According to Vietnam’s General Department of Customs, trade value of tra fish to a US in a initial 5 months, showed a year-on-year drop of 26 percent to 126.6 million USD. During a initial 5 months, Vietnam’s sum trade value of tra fish saw a year-on-year decrease of 3.8 percent. Two pivotal tra fish trade markets of Vietnam, a US and a EU, which accounted for 39.3 percent of a sum trade value, saw a rebate in export values over a past few months, according to VASEP.The organisation approaching a exports of Vietnamese tra fish to a dual markets to redeem by a finish of this year. Other pivotal trade markets for Vietnamese tra fish, such as Brazil, Mexico, China and Hong Kong continued to grow, along with Colombia and Saudi Arabia.
July 12, 2014
Source: greetingvietnam.com
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