DNVN - Eight Vietnamese pangasius exporting companies involved in the US Department of Commerce's (DOC) anti-dumping duty review all received a duty rate of $0/kg, a reduction from the official rates of the previous POR19 review, which ranged from $0/kg to $0.18/kg.
According to the Trade Remedies Department ( Ministry of Industry and Trade ), on September 17, 2024, the US Department of Commerce (DOC) announced its conclusion on anti-dumping duties on frozen pangasius and basa fillets from Vietnam.
The DOC has announced the preliminary results of the 20th review (POR20) of anti-dumping duties on frozen pangasius/basa fillets from Vietnam exported to the US for the period from August 1, 2022 to July 31, 2023.
In this review, eight Vietnamese exporting companies were involved. The DOC selected two companies as mandatory respondents.
Illustrative image.
According to preliminary findings, the two defendant companies are required to receive a countervailing duty rate of USD 0.00/kg. The remaining six companies are all eligible to receive an individual duty rate of USD 0.00/kg. Since the plaintiff withdrew the request for a nationwide review of the duty rate, the nationwide duty rate remains at USD 2.39/kg.
Because the US has not recognized Vietnam as having a market economy , the DOC uses surrogate values from third countries to calculate the dumping margin for Vietnam.
In this review, the DOC selected Indonesia as the surrogate country for calculating the dumping margin because it believed that Indonesia had a similar level of economic development to Vietnam. Indonesia had major pangasius/basa producers similar to Vietnam during the review period. Indonesia's surrogate data was considered reliable, helping the DOC assess Vietnam's production factors.
The Trade Remedies Department assessed that the preliminary results were quite positive for Vietnamese pangasius/basa fish exporting businesses, as all eight companies in the review received a tax rate of 0.00 USD/kg. This tax rate is lower than the official tax rate of the previous POR19 review, which ranged from 0.00 USD/kg to 0.18 USD/kg.
The DOC is expected to issue its final conclusions on this review within 120 days of issuing the preliminary conclusions, around January 31, 2025.
According to the Department of Trade Remedies, the DOC recently announced that it is allowing parties to submit requests for review of countervailing duties for the next review period (POR21) covering the period from August 1, 2023 to July 31, 2024.
To date, several Vietnamese businesses and US plaintiffs have submitted requests for review. The DOC is expected to consider initiating the next administrative review around October 2024.
Nguyet Minh
Source: https://doanhnghiepvn.vn/kinh-te/my-giam-muc-thue-chong-ban-pha-gia-cho-8-doanh-nghiep-ca-tra-viet-nam/20240920023213718
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