Vietnam has not sold shrimp at less than normal value in the U.S. market

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On 10th September 2013, the US Department of Commerce (DOC) has published the final results on the antidumping duty on imported frozen warmwater shrimp from Vietnam for the period of February 1, 2011, through January 31, 2012. Accordingly, DOC determined that in the seventh administrative review (POR7), sales by 33 Vietnam shrimp exporters to the U.S. market have not been made below normal value. Thus, the 33 exporters get zero average dumping margin.

In 2004, Vietnam shrimp exporters in POR1 (July 16 2004 – January 31 2006) were officially imposed the antidumping duty of 4.57 percent by the U.S. After 7 administrative reviews during 2004 up to now, with efforts by Vietnam shrimp exporters in proving that they sell their products at market price, they have won the lawsuit. This is the first time all Vietnam shrimp exporters in the list of the administrative review are recognized not to dump in shrimp sales to the U.S.

Vietnam shrimps with good supply and quality, are favoured by the U.S. consumers and many other international markets. Currently, Vietnam shrimp exporters are supplying high quality shrimp products with reasonable price to supermarkets in the U.S.

In the first 7 months of 2013, Vietnam remained its shrimp exports to the U.S. with export turnover of US$337.6 million, accounting for 24 percent of total US$1.4 billion shrimp exports of Vietnam. Shrimp exports to other markets in the period also marked a considerable increase such as Japan up 11 percent, EU up 3 percent compared to the same period of 2012.

Based on DOC’s final results of POR7, Vietnam Association of Seafood Exporters and Producers (VASEP) reaffirmed that Vietnam shrimp exporters have been operating under market mechanism, and have never been receiving any government subsidy. Vietnam shrimp enterprises and shrimp products originated from the country must be treated impartially, objectively in compliance with the spirit of trade liberalization and fair competition as well as vibrant trade relationship between Vietnam and the U.S.

VIETNAM ASSOCIATION OF SEAFOOD EXPORTERS AND PRODUCERS

218 Road No.6, Zone A, An Phu An Khanh New Urban Area, District 2,

Ho Chi Minh City, Vietnam

Tel: (+84 8) 62810430

Fax: (+84 8) 62810437

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

http://www.seafood.vasep.com.vn/