Seafood Market News

U.S. Lowers Antidumping Tariffs On Vietnamese Tra Fish

Thứ ba,22/10/2019
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By Trung Chanh
Tuesday, October 22, 2019, 12:54 (GMT+7)


Employees process tra fish for export at a local company. U.S. antidumping tariffs on tra fish imports from Vietnam have been lowered in the POR15 preliminary results. Credit: www.vifep.com.vn
 

CAN THO - The U.S. Department of Commerce (DOC) has announced the preliminary results of the 15th period of review (POR15), reducing antidumping tariffs on tra fish imports from Vietnam, with mandatory and voluntary respondents being exempt from the tax. The antidumping duty is US$2.39 per kilogram for all other Vietnamese tra fish exporters.

Tra fish exported to the United States between August 1, 2017, and July 31, 2018, is subject to the tariffs, the Trade Remedies Authority of Vietnam said in a statement on October 21.

The antidumping tariffs in POR15 are more relaxed than those set in POR14’s final results.

Ong Hang Van, deputy general director of Truong Giang Fishery JSC, said that Hung Vuong Fishery Group was ordered to pay an antidumping tax of US$3.87 per kilogram of tra fish exported between August 1, 2016, and July 31, 2017, following the POR14 final results.

The tax rate for tra fish from Bien Dong Seafood JSC was US$0.19 per kilogram, while Vinh Hoan Corporation was offered a tax exemption, Van reported.

Meanwhile, the rate of US$1.37 per kilogram was imposed on five companies: NTSF Seafoods JSC, C.P Vietnam Corporation, Cuu Long Fish JSC, Green Farms Seafood JSC and Vinh Quang Fisheries Corporation. The other Vietnamese tra fish exporters had to pay an antidumping tax of US$2.39 per kilogram in POR14.

DOC will announce the final results of POR15 in the next 120 days, which may differ from the preliminary results.

According to the Vietnam Association of Seafood Exporters and Producers, Vietnam exported US$1.3 billion worth of tra fish during the year up to August, dipping 7% year-on-year. Of this, the outbound sales of tra fish to the United States totaled US$187.9 million, down as much as 41.5% against last year.

 

Source: The Saigon Times

 

 

 

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