US increases anti-dumping tax on Vietnamese pangasius

ĐTTC
The US Department of Commerce (DOC) yesterday announced preliminary decisions after the 13th administrative review (POR13), increasing anti-dumping tax on Vietnamese frozen pangasius fillets to US$2.39 a kilogram, triple that in POR12.

A farmer harvests pangasius fish in the Mekong Delta (Photo: SGGP)

A farmer harvests pangasius fish in the Mekong Delta (Photo: SGGP)

POR13 was conducted to frozen pangasius fillets imported from Vietnam in the phase from August 1, 2015 to July 31, 2016.
According to Vietnam Association of Seafood Exporters and Producers (VASEP), that is the first time DOC made adjustments completely short of legal basis and regardless of usual regulations.
The decision is unfair, contrary to normal anti-dumping rules, compulsory and unreasonable to Vietnamese businesses who have exported frozen pangasius fish fillets to the US.
The decision belies free trade process and affects Vietnam-US bilateral trade relations, says the VASEP.

By T.QUANG – Translated by Hai Mien

Other news

Most view

(Illustrative photo: SGGP)

Ministry prevents fraudulence in Vietnamese steel export to US

The Ministry of Industry and Trade yesterday said that it has been working with relevant agencies to keep a close eye on Vietnamese steel export to the US and seriously implement regulations against goods origin and trade fraudulence.

Banking-finance

Economy

Self - introduction

Stock market

VN-Index rockets to near 926 points this morning

After increasing 13 points to exceed 900 points on the previous session, VN-Index continued raising 21.27 points this morning to hit 924.89 points with a slew of major stocks advancing in the HCMC Stock Exchange.