US announces final results of POR16 for Vietnamese tra, basa fish

July 02, 2021 | 05:45

(0) user say

The US Department of Commerce (DOC) has announced the final results of the 16th period of review (POR16) for the period from August 1, 2018 to July 31, 2019, regarding Vietnam’s tra and basa fish (pangasius) exported to the US.

US announces final results of POR16 for Vietnamese tra, basa fish

Pangasius processing line for export at the factory of the South Vina company at the Tra Noc industrial park in Can Tho city. (Photo: VNA)

Hanoi – The US Department of Commerce (DOC) has announced the final results of the 16th period of review (POR16) for the period from August 1, 2018 to July 31, 2019, regarding Vietnam’s tra and basa fish (pangasius) exported to the US.

Accordingly, the anti-dumping duty for Vinh Hoan JSC and Nam Viet JSC is 0 USD per kg, while the tax rate for other Vietnamese producers and exporters remained at 2.39 USD per kg.

According to the Trade Remedies Authority of Vietnam under the Ministry of Industry and Trade, the US department is conducting the 17th period of review (POR17).

The ministry will continue its close coordination with the Vietnam Association of Seafood Exporters and Producers, Vietnamese exporters and the US side to deal with relevant issues to ensure legitimate rights and interests of Vietnam in this regard.

The US has remained one of major importers of Vietnamese aquatic products, including shrimp and tra and basa fish.

Vietnam’s shrimp export to this market in the first five months of this year reached 270 million USD, up 21 percent year-on-year. Meanwhile, the country’s tra and basa fish shipment to the US increased 200 percent in May, raising the five-month value to 135 million USD, a year-on-year rise of 57 percent.

The Trade Remedies Authority viewed the final results of POR16 as positive to the domestic aquatic product production and export, saying they will create advantages for Vietnamese aquatic products to develop and compete in the US market.

VNA

What the stars mean:

★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional