Illustrative image (Source: VNA) HCM City (VNA) – High anti-dumping tariff and the USSeafood Import Monitoring Programme (SIMP) are now key barriers facingVietnamese shrimp exporters.
According to the Vietnam Association of Seafood Exportersand Producers (VASEP), though shrimp export in the first four months grew by13.8 percent annually to over 1 billion USD, the April figure dropped by 0.4percent year-on-year, reaching over 275 million USD.
Last year, while shrimp export to countries surged, it fellby 8 percent from 2016 in the US market, partly due to high anti-dumping tax.
In early March, the US Department of Commerce (DOC)announced preliminary results of anti-dumping tax on Vietnamese shrimp duringthe 12th period of review from February 1, 2016 to January 31, 2017,amounting to 25.39 percent, much higher than the previous reviews.
Though lawyers discovered DOC’s miscalculations andpreliminary results only serve as a reference, the ruling worried both sellersand buyers.
In April 2018, shrimp was added to the SIMP by the NationalOceanic and Atmospheric Administration. Accordingly, shrimp importers mustfully abide by SIMP’s requirements by December 31, 2018.
Specifically, they must be US citizens with InternationalFisheries Trade Permit from NOAA, declare necessary data to ensure legalimports. Such data must be kept within two years.
VASEP General Secretary Truong Dinh Hoe said the US has highdemand for aquatic products, especially shrimp. It imports nearly 600,000tonnes of shrimp for domestic consumption.
However, Vietnam’s shrimp export to the US only accounts for10 percent annually, or around 60,000 tonnes. Meanwhile, Vietnam could ship150,000 tonnes to the country so that firms need to improve quality andcompetitiveness to expand their market share.
VASEP has recently sent a document to the Ministry ofAgriculture and Rural Development suggesting measures for sustainable shrimpproduction and export. It asked the government to heed high-level diplomaticactivities so that the US could rapidly lift trade barriers, especially anti-dumpingtaxes on shrimp. -VNA
According to the Vietnam Association of Seafood Exportersand Producers (VASEP), though shrimp export in the first four months grew by13.8 percent annually to over 1 billion USD, the April figure dropped by 0.4percent year-on-year, reaching over 275 million USD.
Last year, while shrimp export to countries surged, it fellby 8 percent from 2016 in the US market, partly due to high anti-dumping tax.
In early March, the US Department of Commerce (DOC)announced preliminary results of anti-dumping tax on Vietnamese shrimp duringthe 12th period of review from February 1, 2016 to January 31, 2017,amounting to 25.39 percent, much higher than the previous reviews.
Though lawyers discovered DOC’s miscalculations andpreliminary results only serve as a reference, the ruling worried both sellersand buyers.
In April 2018, shrimp was added to the SIMP by the NationalOceanic and Atmospheric Administration. Accordingly, shrimp importers mustfully abide by SIMP’s requirements by December 31, 2018.
Specifically, they must be US citizens with InternationalFisheries Trade Permit from NOAA, declare necessary data to ensure legalimports. Such data must be kept within two years.
VASEP General Secretary Truong Dinh Hoe said the US has highdemand for aquatic products, especially shrimp. It imports nearly 600,000tonnes of shrimp for domestic consumption.
However, Vietnam’s shrimp export to the US only accounts for10 percent annually, or around 60,000 tonnes. Meanwhile, Vietnam could ship150,000 tonnes to the country so that firms need to improve quality andcompetitiveness to expand their market share.
VASEP has recently sent a document to the Ministry ofAgriculture and Rural Development suggesting measures for sustainable shrimpproduction and export. It asked the government to heed high-level diplomaticactivities so that the US could rapidly lift trade barriers, especially anti-dumpingtaxes on shrimp. -VNA
VNA
