The Vietnam Association of Seafood Exporters and Producers (VASEP) has protested against a preliminary determination by the U.S. Department of Commerce (DOC) on subsidy margins for frozen shrimp imports from Vietnam.
In its preliminary determination released on Thursday, according to a Vietnam Television correspondent in the U.S., the DOC determines a subsidy margin of 5.08 percent on shrimp from Minh Qui Co., a subsidiary of Minh Phu Seafood Corp., 7.05 percent on Nha Trang Seafoods Co., and 6.07 percent on others.
If anti-subsidy tariffs are imposed, Vietnam’s shrimp exports to the U.S. will face both anti-dumping and anti-subsidy duties, making it harder for Vietnamese exporters to survive in the American market.
VASEP general secretary Truong Dinh Hoe said the subsidy margin of 5.5 percent for Nha Trang Seafoods to buy raw shrimp was illogical. “We’re waiting for lawyers of the association to look into the calculation methodology used by the U.S. side before taking appropriate action. But I’d like to assert that the Vietnamese shrimp industry does not receive subsidy under any form,” he said.
