VASEP welcomed the decision of DOC on Vietnamese pangasius

The Vietnam Association of Seafood Exporters and Producers (VASEP), Vietnam’s leading trade association representing USD 5 billion worth of fish and shellfish, and whose member companies employ hundreds of thousands of workers on farms and in processing plants in Vietnam, would like to make the following statement regarding the outcome today’s Final Ruling on Duties for Period of Review 6:

We are very pleased that the U.S. Department of Commerce has recognized our legal and factual arguments as to why the Philippines is not an appropriate surrogate country for Vietnam.

VASEP and the individual member companies involved in this review would like to express our appreciation to our supporters in the United States and Vietnam who helped us address very important issue.

 

Mr. Truong Dinh Hoe, General Secretary of the Association has welcomed the final decision of antidumping duty in the 6th administrative review of the U.S. Department of Commerce (DOC) on Vietnamese pangasius.

Mr. Truong Dinh Hoe said: “DOC has been very objective and fair when selecting Bangladesh as the country instead”. Mr. Hoe also said that with this decision, Vietnam’s pangasius export companies to the U.S. are subject to nearly zero percent tax rates that are lower than those in the preliminary results in September 2010. Currently, the U.S. accounts for about 10 percent of total exported pangasius volume of Vietnam.

Based on the review of records and evidences provided by Vietnam, the DOC decided to choose Bangladesh as the country instead to calculate the dumping margin of Vietnamese pangasius in this final decision. So, Vietnamese exporters have lower tax rates than those in the preliminary results on 15th September, 2010.

 

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