US retains anti-dumping duties on Vietnamese shrimp

Shrimp harvested in South Vietnam

The US Department of Commerce (DOC) has announced that it will continue imposing anti-dumping tariffs on frozen shrimps imported from Vietnam.

According to the DOC’s ‘sunset’ review last month, Vietnamese exporters will pay import duties ranging from the lowest 4.3-5.24 percent to the highest 25.76 percent in the next five years.

Removing the duties would cause a disadvantage to U.S shrimp farmers, concluded the DOC after conducting a regular review.

The World Trade Organization (WTO) stipulates that after every five years of anti-dumping taxes, the authorities of the importing country must conduct a sunset review to check if the abolishment of anti-dumping taxes on the specified imports could impact or cause losses to its domestic industries.

If no impact is found or if the losses are insignificant, then the anti-dumping taxes must be abolished.

With this decision from the DOC, Vietnam will have to wait another five-year period before it can have these anti-dumping taxes removed while continuing to sue the US through the WTO.

Earlier this year, Vietnam launched its first dispute at the WTO with a case against US anti-dumping measures on its key exports of shrimp.

The trade dispute seeks to defend a product that brought in some US$1.5 billion in exports for Vietnam last year.

Vietnam shrimp exporters have complained about the controversial US method of calculating anti-dumping duties known as zeroing, which has been condemned repeatedly by WTO courts and rejected by all other WTO members.

Source: TuoiTre News

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