Vietnam and the US have reached a bilateral solution to end the dispute in the case of applying anti-dumping tax on Vietnamese tra and basa fish products exported to the US market.
Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan (right) and Mr. Juan A Millan - Acting Attorney General, Office of the US Trade Representative - signed the agreement in Washington (USA) - Photo: Ministry of Industry and Trade
According to information from the Ministry of Industry and Trade, on January 17 in Washington (USA), the Ministry of Industry and Trade, authorized by the Government, signed a bilateral agreement between the US Government and the Vietnamese Government on the anti-dumping tax order on fish fillets from Vietnam with the US Government representative - the US Trade Representative (USTR).
Reached resolution to end tax dispute
Thus, the two sides have reached a bilateral solution to end the dispute in the case of applying anti-dumping tax on Vietnamese tra and basa fish products exported to the US market (case DS536).
This incident originated on January 8, 2018, when Vietnam officially sued the US for violating World Trade Organization (WTO) regulations by applying anti-dumping tax on Vietnamese tra and basa fish products exported to the US market.
In 2020, after the WTO Panel had a draft ruling on the case sent to the relevant parties before the official announcement, the US side proposed that the Vietnamese Government also request to postpone the issuance of the Panel's report to negotiate a bilateral solution to resolve the DS536 case.
With the two sides reaching a bilateral solution to end the dispute in the tax application case, Vinh Hoan Joint Stock Company - the only enterprise eligible for tax removal under US regulations, and also the leading pangasius and basa fish exporter in Vietnam - has been removed from the scope of anti-dumping tax when exporting pangasius and basa fish to this country.
The Ministry of Industry and Trade's working delegation works with the US agency - Photo: Ministry of Industry and Trade
Goodwill to strengthen bilateral relations
This is the second time Vietnam and the US have reached a bilateral agreement. to resolve the dispute at the WTO, in addition to the case on anti-dumping duties on warm-water shrimp products (DS429).
In 2016, Vietnam and the US signed a bilateral agreement to remove anti-dumping duties on warm-water shrimp products exported to the US by Minh Phu Seafood Corporation.
This is the result of goodwill and negotiation efforts from both sides. Vietnam welcomes the constructive spirit, goodwill and efforts to seek bilateral solutions from the US side, especially the US Department of Commerce (DOC) and the Office of the US Trade Representative (USTR).
At the same time, the US's enforcement of the WTO ruling also contributes significantly to demonstrating goodwill in strengthening the multifaceted relationship between Vietnam and the US, especially in the context of the two countries upgrading their Comprehensive Strategic Partnership.
On the Vietnamese side, this is the result of close, persistent and active coordination over many years between the Government, lawyers advising the Government and seafood enterprises, especially Vinh Hoan Joint Stock Company.
This bilateral solution shows that the Vietnamese Government is always ready to use appropriate forums, including the WTO dispute settlement mechanism, to ensure the legitimate rights and interests of Vietnamese enterprises in the context of Vietnam's increasingly deep integration into the international economy.
Source: https://tuoitre.vn/dat-thoa-thuan-voi-my-cham-dut-tranh-chap-vu-kien-ca-tra-ba-sa-20250120160106151.htm
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