Pangasius exports. (Photo: CL-FISH)
Pangasius exporters exempted from anti-dumping fees
Monday, September 10, 2012, 06:00 (GMT + 9)
All 18 Vietnamese pangasius fillets exporters to the US have been exempted from anti-dumping taxes, announced the US Department of Commerce (DoC).
The decision followed the DoC’s eighth preliminary results of administrative review (POR8) for anti-dumping duties on pangasius (tra fish) fillets imported from Vietnam from 1 August 2010 to 31 July 2011.
Of the 18 companies, Vinh Hoan Group has been paying a zero tax rate for four consecutive years.
Truong Dinh Hoe, Secretary General of the Vietnam Association of Seafood Exporters and Producers (VASEP), said that per the US regulations, any business that is offered a zero tax rate for three consecutive years can be exempted from anti-dumping duties for an indefinite period of time thereafter.
The DoC plans to release its final decision on anti-dumping duties for Vietnamese tra by early 2013, VOV News reports.
US regulations mandate that import companies pay taxes in advance based on the previous administrative review. Taxes are collected upon the announcement of a new administrative review.
In March, the DoC decided to impose a rate of USD 0.00 per kg on Vietnamese exporting company Vinh Hoan and USD 0.03 per kg on 12 additional enterprises, with others having to pay a tax rate of USD 2.11 per kg.
According to VASEP, 21.06 per cent of all Vietnam´s pangasius exports in January-June 2012, which were worth USD 180 million, went to the US.
Vietnam’s pangasius exports to the US took a 35 per cent-leap year-on-year and reached over USD 235 million as of 15 August but exports to the European Union (EU) market took a 19 per cent dive to USD 272 million, VASEP has informed. The US is the single biggest buyer of Vietnamese tra in terms of value, with a 22 per cent-share.
VASEP Vice Chairman Duong Ngoc Minh said local firms increased their tra sales to the US after EU demand skid, The Saigon Times Daily reports.
Meanwhile, the US’s catfish output has faltered: the US Department of Agriculture (USDA) reported the amount of fish processed in July was 25.1 million lb, down 6 per cent over the year-ago period. This is due to higher feed material prices and lower catfish prices, which have discouraged US fish growers from raising catfish.
- DOC slashes anti-dumping duty tariffs on pangasius imports
- Farm-raised catfish processing drops slightly
By Natalia Real
Photo Courtesy of FIS Member CL-Fish Corp., Ltd. -Cuulong Fish JSC-