US imposes anti-subsidy duties on Vietnamese shrimp

Thursday, May 30, 2013 14:37

Viet Nam's frozen shrimp will be imposed anti-subsidy duties from the US Department of Commerce. Photo

HA NOI (Biz Hub) — The US Department of Commerce (DOC) announced on May 29 that it will impose anti-subsidy duties of up to nearly 63 percent on frozen shrimp imported from China, India, Malaysia, Thailand and Vietnam.

In its preliminary decision, the DOC said it will levy 7.05 percent on Vietnam's products and 2.09 percent, 5.76 percent, 11.32 percent and 62.74 percent on those from Thailand, China, India and Malaysia respectively.

In 2012, the five countries shipped 258,000 tonnes of frozen shrimp worth US$2.3 billion to the US. Many exports from those Asian nations have been subject to different anti-dumping taxes for many years.

Indonesia and Ecuador - two other major shrimp exporters are exempted from duties as the DOC has found no evidence of state subsidies.

The preliminary decision was made following an investigation into the recent petitions by shrimp producers and packagers under the US-based Coalition of Gulf Shrimp Industries.

The final decision will be made in late September. — VNS

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