Washington drops import tax on Vietnamese shrimp
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The United States International Trade Commission (USITC) has decided to cancel anti-subsidy measures against companies exporting frozen shrimp from Vietnam. US import duty on Vietnamese shrimp, which ranged from 1.15 per cent to 7.88 per cent, has now bee
On August 13, the department announced it was introducing an anti-subsidy duty on Vietnamese shrimp, reasoning that any subsidy posed a threat to the US shrimp industry.
Then on September 10, the department announced results of a review on frozen warm-water shrimp from Vietnam, finding that Vietnamese businesses did not dump their shrimp products on the US market, undercutting domestic producers, during the February 2011-January 2012 period.
The outcome is that at all 33 Vietnamese shrimp exporters will now enjoy zero import tax in the US and be refunded the taxes they paid earlier.
This was a twin victory for Vietnamese shrimp exporters, Vietnam’s commercial counsellor in the US Dao Tran Nhan said.
The US is Vietnam’s leading shrimp importer, contributing one quarter of the country’s total shrimp export turnover of US$1.7 billion (Bt53.1 billion) in the first eight months of this year. Vietnam ranks fifth among shrimp exporters to the US, earning $4.3 billion from the market last year.
