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September 29, 2014

Vietnam

Dumping Duties Unfair

 

In response to USA Department of Commerce’s recent imposition of dumping duties on 32 shrimp exporters, Vietnam says the duties are unfair.

 

Thirty Vietnamese shrimp exporters will have to pay dumping duties of 6.37 percent, one company will have to pay 4.98 percent and another will have to pay the highest rate of 9.75 percent.

 

Le Hai Binh, a spokesperson for the Vietnamese Foreign Ministry said, “We affirm that Vietnamese companies do not dump their shrimp products on the USA market and cause no harm and no threat to the USA shrimp industry.”

 

As of mid-August 2014, the United States was Vietnam’s largest market for shrimp, importing $695 million worth of shrimp products, up 80.3 percent year-on-year.

 

Source: ShanghaiDaily.com.  Vietnam Says U.S. Anti-Dumping Tax on Shrimp Unfair.  September 28, 2014.

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