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Vietnam eyes 2nd anti-dumping lawsuit against US
Following the partial victory in the anti-dumping case against the US last week, the Vietnam Association of Seafood Exporters and Producer has sought the government’s go-ahead for a second lawsuit to completely get rid of US anti-dumping duties on Vietnamese frozen shrimp.
Revealing this, a VASEP official told Tuoi Tre that the Ministry of Industry and Trade has accepted the petition and is awaiting government approval to file the suit.
Last week, the World Trade Organization ruled that the US violated global trade rules in calculating its anti-dumping tariffs on Vietnamese frozen shrimp.
The US’ so-called “zeroing,” a framework for calculating dumping margins, was against WTO rules, it said in the ruling.
Vietnam argued that the zeroing method resulted in large anti-dumping tariffs for its products.
In zeroing, US officials apply a single duty rate based on products that are more expensive in exporters’ home markets and do not take into account cases where the goods are cheaper.
But the VASEP official explained that the WTO verdict was yet to completely free Vietnamese shrimp from US anti-dumping tariffs.
Vietnam only sued the US on its use of the zeroing method in the US’ second and third administrative reviews.
The US was continuing its fourth and fifth reviews, he said.
The second lawsuit was necessary to completely remove the import duties, he said.
It would also enable Vietnamese shrimp exporters to get a US$20-million tax refund, and save them an expense of $900,000 a year for the administrative reviews.
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