NTSF Seafoods, a Vietnamese exporter of frozen fish fillets, is granted zero anti-dumping duty when exporting pangasius to the US market in the US Department of Commerce’s 17th review.
The United States Department of Commerce (DOC) recently announced the final results of the 17th review period (POR17) for Vietnamese tra and basa (pangasius) fish exported to the US market from August 1, 2019 to July 31, 2020 .
Of the 35 companies surveyed, Nha Trang Seafood Joint Stock Company (NTSF) and East Sea Seafoods Joint Stock Company (ESS) were asked to complete the survey questionnaire.
The DOC also determined that Green Farms Seafood Joint Stock Company (Green Farms) is eligible for a separate tax rate.
He found that NTSF did not sell the subject merchandise at less than normal value during the period of review, which means that it would not be subject to any anti-dumping duty.
The tax rate on ESS products is to be set at $3.87 per kilo, with the DOC believing that the company has not yet fully cooperated with the DOC, while the Green Farms Company has seen itself impose a tax rate of USD 1.94 per kilo.
The remaining companies among the 35 reviewed will continue to be taxed at $2.39 per kilo, as seen in previous years.
About 10 Vietnamese seafood exporters, including Vinh Hoan JSC, Nam Viet Joint Stock Company and NTSF, are now exempt from the anti-dumping tariff.
Vietnamese pangasuis have been subject to US anti-dumping duties since 2003, with these tariffs being revised annually.
Vietnam Customs General Department statistics indicate that last year, Vietnam earned about US$370.6 million from the export of tra and basa catfish to the United States, an increase of 50 % compared to 2020.