U.S. maintains anti-dumping taxes on Vietnamese pangasius
U.S. maintains anti-dumping taxes on Vietnamese pangasius
More than 30 Vietnamese exporters of pangasius to the U.S. continue being subject to different anti-dumping tax rates of up to US$2.39 per kilogram, according to the latest conclusion from the U.S. Department of Commerce (DOC).
The DOC has recently issued the final conclusion from the 18th anti-dumping tax administrative review (POR18) for the August 1, 2020 to July 31, 2021 period on Vietnamese pangasius.
In this review, the DOC has maintained the anti-dumping duties applicable to Vietnamese companies based on the results of the preceding review (POR17).
Accordingly, two Vietnamese enterprises will be subject to respective anti-dumping duties of US$0.00 per kilogram and $3.87 per kilogram, one company is imposed with a separate tax rate of $1.94 per kilogram, and 32 other companies will be given a national tax rate of $2.39 per kilogram.
During the POR18 review, the DOC also determined that one Vietnamese exporter was not eligible for a separate tax rate of $1.94 per kilogram, so it must be subject to the above national tax rate.
Currently, the DOC is receiving the applications for the 19th review (POR19) for the period from August 1, 2021 to July 31, 2022 for Vietnamese pangasius and basa fish.
The Vietnamese Ministry of Industry and Trade said it will coordinate with the Vietnam Association of Seafood Exporters and Producers (VASEP), Vietnamese pangasius and tra fish exporters, and the U.S. side to monitor and update information necessary for dealing with relevant issues to ensure Vietnamese exporters’ legitimate rights and interests.
During the first eight months of this year, Vietnam earned over $1.8 billion worth of pangasius and tra fish exports, up 81 percent from a year earlier, according to official figures.
China and the U.S. remains Vietnam’s biggest importers of pangasius and tra fish, with their import values of the two items from Vietnam reaching nearly $500 million and $421 million during the period, respectively.
Despite being imposed with U.S. anti-dumping duties since 2003, many large Vietnamese pangasius and tra fish producers and exporters have managed to enjoy a tax rate of $0.00 per kilogram through the past reviews to continue boosting exports to this large market.
The anti-dumping tax was first mentioned in the U.S. in its tax legislation in 1916.
After joining the World Trade Organization (WTO) in 1995, the U.S. issued anti-dumping and anti-subsidy regulations two years later, providing for application of anti-dumping duties and relevant investigation processes.
An anti-dumping inquiry is considered for launch after a domestic enterprise submits to competent American authorities an appeal for investigation of certain imported commodities that are alleged to cause ‘unfair’ competitions affecting domestic production.
