U.S. cuts tariffs on Vietnamese shrimp
The U.S. Department of Commerce (DoC) has announced the preliminary results of its administrative review on antidumping duties for frozen shrimp imported from Vietnam, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Accordingly, antidumping taxes levied on products from the Minh Phu and Nha Trang seafood companies were slashed to 0 percent. Camimex Co. will enjoy a tax rate of 0.8 percent, while 31 other companies are taxed at 1.03 per cent.
Remaining exporters nationwide would still be subject to a general duty of 25.76 percent.
The new rates would be applied to shrimp batches exported to the U.S. between 1 February 2010 and 21 January 31 2011. This is the third consecutive time that Vietnamese enterprises received a tax reduction.