A shrimp processing facility in Vietnam (Photo: VNA)
The US Department of Commerce (DoC) recently announced the preliminary results of the 13th Period of Review (POR 13), which reviewed the anti-dumping tariff on shrimp imports from Vietnam.
The DoC concluded that frozen shrimp products of two respondents of Sao Ta Foods JSC (Fimex VN) and Nha Trang Seaproduct Company did not violate anti-dumping regulations from February 1st, 2017 to January 31st, 2018.
Therefore, preliminary tariffs on those two companies and other 29 local shrimp exporters will stand at zero percent.
The preliminary tariffs serve as a foundation for Vietnamese exporters to obtain the lowest anti-dumping tariffs in the final results of the POR 13, helping the firms thrive in the US market.
Earlier, Vietnamese shrimp exporters were subject to an anti-dumping duty of 4.58 percent in the final results of the POR 12, which was carried out from February 1st, 2016 to January 31st, 2017./.