DOC Drops Antidumping Duties for Two Pangasius Importers
The U.S. Department of Commerce yesterday eliminated antidumping duty rates for two importers of Vietnamese swai (Pangasius bocourti).
According to an announcement in Monday's Federal Register, QVD Food Co. of Bellevue, Wash., and East Sea Seafoods Joint Venture Co. of Vietnam were awarded a 0 percent deposit rate for the third review period by the DOC. Their new rate will be implemented in the next few days.
A DOC spokesperson says East Sea Seafoods is affiliated with Piazza's Seafood World in Saint Rose, La., which markets its products under the Cajun Boy brand. The countrywide rate for Vietnamese pangasius exporters remains at 63.88 percent.
"This is what our company has been working toward for the last several years in streamlining operations, sales and production and represents the dedication that our employees and staff have provided in order to achieve this goal," says Jim Bugbee, managing director of QVD, in a press release. "This result allows further investment in our growth from farm to production to Logistics to assure the QVD companies provide the highest quality swai/pangasius in the market."
Bugbee added that QVD will now seek additional investment to grow sales. "We expect significant growth in our imports and sales particularly in the current economic conditions where farm raised, lower cost, high quality whitefish fillets could attract significant attention from consumers," he added.