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US reduces dumping duty on shrimp
Shrimp exports to the US are enjoying a reduction in anti-dumping taxes.
The anti-dumping duties were placed on frozen warm water shrimp from Viet Nam. The products were taxed from February 1, 2009 through January 31, 2010, reported the Viet Nam Association of Seafood Exporters and Producers (VASEP).
The US Department of Commerce (DoC), after conducting their fifth administrative review, imposed new, reduced duties by between 1.28 per cent and 2.56 per cent to 1.36-1.67 per cent on various exporters across the country.
For the past five years, the US has levied duties ranging from 2.5 to 25.76 per cent on frozen shrimp imported from Viet Nam.
Viet Nam filed a case with the World Trade Organisation (WTO) in February 2010 to contest the tariffs. This marks the first time Viet Nam has filed a complaint with the global trade body's dispute settlement system since it formally joined the WTO in January 2007.
Viet Nam disagreed with the US's method of calculating dumping by using periodic reviews, which is zeroing under US law. Viet Nam argued that zeroing was inconsistent with WTO rules as well as with Viet Nam's protocol of accession to the trade organisation.
Last year, Viet Nam exported 240,000 tonnes of shrimp worth of US$2.08 billion to 92 markets, including the US.
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