The U.S. Department of Commerce has reduced antidumping duties on Vietnamese shrimp imports, which the Vietnam of Seafood Exporters and Processors (VASEP) estimates will boost 2015 export figures.
The department announced this week it had finished its ninth review of Vietnamese frozen shrimp imports, and imposed a duty of 0.91 percent, significantly lower than the 6.37 percent imposed following the eighth review.
Based on data also collected from Bangladesh, India and Indonesia, the department set a rate of 1.39 percent for Minh Phu Seafood Corp, 1.16 percent for Thuan Phuoc Corp and no duties for Fimex VN.
VASEP is forecasting an improvement to shrimp exports for the end of 2015 as a result, after they had dropped more than 50 percent in the first eight months of the year. Vietnam sends more than 20 percent of its shrimp exports to the United States, the country’s biggest importing market.
