US zero tariffs to boost Vietnam's shrimp exports
Vietnamese shrimp exports has gotten a boost with two more Vietnamese firms given zero tariffs by concerned US authorities.
The US Department of Commerce (DoC) recently announced the preliminary results of the 13th Period of Review (POR 13), which assessed the anti-dumping tariff on shrimp imports from Vietnam, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
The DoC concluded that frozen shrimp products of two respondents—Sao Ta Foods JSC (Fimex VN) and Nha Trang Seaproduct Co.—did not violate anti-dumping regulations from Feb. 1, 2017, to Jan. 31, 2018.
This means that preliminary tariffs on those two companies, in addition to 29 other 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, as per VASEP.