As per the press release of the Ministry of Agriculture and Rural Development tra fish export target for 2010 has been reduced to US$ 1.35 billion after the US imposed anti-dumping tariffs up to 130 percent on fish products shipped stateside. The ministry has revised the forecast of tra fish turnover from August’s US$1.38 billion to only US$ 1.35 billion.
US DOC has selected the Philippines as a surrogate country to calculate the anti-dumping tariffs, so five Vietnamese exporters might be slapped prohibitive tariffs of over 100 percent. DOC preliminarily determined the dumping margin for fish imports from Vinh Hoan, Agifish, ESS LLC and South Vina was US$4.2 per kg, and the remaining firm, Vinh Quang, US$2.44, during the review period from August 1, 2008 through July 31, 2009.
Vietnamese exporters said that though they have to wait until next March for the final determination, exports to the U.S. dropped immediately right after the announcement as they fear that any exports in large amount in the mean time will result badly. VASEP told that the tra fish exporters would have another two weeks until October 26 to complete required documents and papers related to the export turnover and related data to the U.S.
