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Four shrimp exporters exempted from the US’s anti-dumping tax
Four Vietnamese businesses are now exempted from anti-dumping taxes on their shrimp exports to the US market.
According to a decision announced by the US Department of Commerce (DoC) on September 9, the businesses are the Minh Phat Seafood Co. Ltd., the Ca Mau Frozen Seafood Processing Import-Export Corp, the Grobest&I-mei Industry Vietnam and the Viet Hai Seafoods Co. Ltd.
This was the result of the DoC’s second administrative review of the anti-dumping taxes on Vietnam ’s frozen warm-water shrimp during the period between February 1, 2006 and January 31, 2007.
Under the decision, 23 Vietnamese shrimp exporters are subject to a 4.57 percent tax rate and one business enjoys the rate of 4.3 percent, while all the remaining one have to pay a 25.76 percent tax.
The fisheries industry sets a target of earning 850 million USD from exports of aquatic products to the US this year. Last year Vietnam ’s products made up 6.2 percent of the US ’s total seafood imports at 12 billion USD.
VNA
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