U.S. Reviews Anti-dumping Duty on Vietnamese Catfish
The U.S. International Trade Commission (ITC) is reviewing anti-dumping tax on frozen tra and basa catfish from Vietnam, website of the Vietnam Association of Seafood Exporters and Producers (VASEP) reported.
However, a big catfish producer in Vietnam said this move is only formality, and removing the duty on Vietnamese catfish is impossible.
According to an U.S. regulation, ITC reviews anti-dumping duty every five years, which aims to define whether removing of the tax affects the U.S.&rsquos industries or not.
Jim Bugbee, office representative of QVD Co. in the U.S. said during the past five years, ITC has mulled over taxes on Vietnamese catfish.
The U.S. Department of Commerce imposed anti-dumping tax on Vietnamese frozen catfish from August 2003.
In March 2008, DOC removed the 14.59 per cent anti-dumping tax on frozen catfish from QVD Co, whose head office is in Vietnam.
The DOC also imposed new tax on two Vietnamese catfish companies, with 31.68 per cent on Anvifish&rsquos fish, and 15.38 per cent on New Century Trading Co.&rsquos fish, while common tax for other Vietnamese companies&rsquo fish is 63.88 per cent.
The tax is applied for Vietnamese tra and basa catfish imports to the U.S. from August 1, 2006 to January 31, 2007.
DOC imposes anti-dumping duty on products from other counties if it thinks that the products are selling for prices lower than market prices. (Vasep)
Vietnamese
