The US Department of Commerce (DOC) has issued a final conclusion in the anti-subsidy investigation of frozen warm-water shrimp imported from Vietnam.
The Department of Trade Remedies, Ministry of Industry and Trade said that on October 22, 2024, the US Department of Commerce (DOC) issued the Final Conclusion in the countervailing duty investigation (CTC) on frozen warm-water shrimp imported from Vietnam.
Accordingly, the final subsidy margin is determined as follows: 2.84% for the sole mandatory defendant; 221.82% for another defendant that refused to participate in the case; and 2.84% for all remaining defendants.
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| The final conclusion in the anti-subsidy investigation into frozen warm-water shrimp imported from Vietnam was issued by the United States on October 22, 2024. Photo: VNA |
Thus, the final subsidy rate for the sole mandatory respondent of Vietnam and other companies remains the same as that determined in the previous Preliminary Conclusion. For another enterprise that was selected as a mandatory respondent but refused to participate in the case, the final subsidy rate has increased compared to the Preliminary Conclusion because the US Department of Commerce has identified two additional subsidy programs that are considered countervailing subsidies compared to the Preliminary Conclusion.
According to the Department of Trade Defense, from the beginning of the case, the US Department of Commerce investigated 40 programs/policies of the Vietnamese Government, belonging to the following groups: Loan and guarantee programs; corporate income tax incentive programs; receivables exemption programs; land incentive programs; and funding programs.
Notably, the Trade Defense Department said that the US Department of Commerce is investigating a series of programs under the Fisheries Development Strategy to 2030, with a vision to 2045 under Decision No. 339/QD-TTg dated March 11, 2021 of the Prime Minister and the Fisheries Development Program for the period 2021 - 2030.
On February 5 and 23, 2024, the US Department of Commerce continued to investigate a number of new programs, based on the request of the US Plaintiff, related to: Income tax, land rent exemption; providing electricity, water, wastewater treatment and telecommunications services at lower than normal value and providing broodstock, shrimp seeds and shrimp feed at lower than normal value. This brings the number of programs investigated in this case to 51, the largest ever in anti-subsidy investigations against Vietnamese exports.
In its final determination, the U.S. Department of Commerce determined that 26 of the 50 programs were countervailing subsidy programs and 10 programs were uncountervailing subsidy programs.
In addition, DOC has not yet made a final conclusion on 5 programs, including: Accelerated depreciation and increased deductible costs; Export factoring from State-owned banks; Export guarantees from State-owned banks; Preferential loans for exporters from State-owned banks; Loan support for organic agricultural projects from Agribank.
" The above programs will continue to be reviewed and concluded in the first administrative review of the case, in the event that this case leads to the issuance of a formal Duty Order," according to the Trade Remedies Authority.
The Trade Defense Department assessed that the final anti-subsidy tax rate is basically unchanged from the preliminary tax rate. Among the countries under investigation, Vietnam's tax rate is lower than that of India and Ecuador. This is an encouraging result for Vietnamese shrimp production and export enterprises.
After the U.S. Department of Commerce issues its final determination on subsidies, the U.S. International Trade Commission (USITC) will issue its final determination of injury within 45 days from the date the U.S. Department of Commerce issues its final determination. Only when the USITC concludes that the U.S. domestic industry is injured by reason of subsidized imports of frozen warmwater shrimp from Vietnam will the duty order be officially issued.
Therefore, the Trade Defense Department recommends that Vietnamese manufacturing and exporting enterprises continue to monitor the investigation progress at the United States International Trade Commission (USITC) and make appropriate comments before the USITC issues its final conclusion on damage.
Final conclusion see here
Source: https://congthuong.vn/hoa-ky-ket-luan-cuoi-cung-vu-dieu-tra-chong-tro-cap-tom-nuoc-am-dong-lanh-tu-viet-nam-354547.html
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