More requirements imposed on shrimp exports to the US

Wednesday, Oct 08, 2014 17:02

Vietnamese shrimp exporters to the US will be chosen randomly as basis for anti-dumping duties review. – Photo VASEP

HA NOI (Biz Hub) – The United States Department of Commerce (DOC) will conduct a random selection of shrimp exporters for inspection while reviewing anti-dumping duties imposed on Vietnam's warm-water shrimp exports.

The HCM City Law Newspaper quoted a report to that effect from the Viet Nam Association Seafood Exporters and Producers (VASEP).

According to the report, this regulation will be applied for the ninth period of review (POR 9) conducted between February 1, 2013 and January 31, 2014. Accordingly, instead of basing its review on businesses which recorded the highest value of seafood exports to calculate its anti-dumping duties, the DOC will base it on three businesses, known as mandatory respondents, to be chosen randomly by computer.

Specifically, Vietnamese shrimp exporters are divided into three groups: the first comprises two businesses accounting for 40 per cent of export value while the second comprises five exporters accounting for 20 per cent of export value, and the third comprises other exporters. From each group, DOC will randomly choose one respondent.

According to VASEP, the respondents are Minh Phu Seafood Corporation, Sao Ta Food JSC and Thuan Phuoc Seafood and Trade JSC.

It was noted that during POR 9, the respondents were prevented from supplementing files or figures after DOC's preliminary result was released. Therefore, all figures must be submitted in full and accurately from the beginning. Many domestic seafood exporters view the requirement as difficult for them to comply with in future reviews. – VNS

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