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Pangasius fillets for export. (Photo Credit: CL-FISH)
Pangasius exporters to pay higher tariffs in the US
VIET NAM
Tuesday, January 27, 2015, 03:40 (GMT + 9)
The Vietnamese tra fish (pangasius) exporters will face higher tariffs for their products to enter the US market.
This arises from the results of the anti-dumping duty administrative review (POR 10) by the U.S. Department of Commerce, issued on 16 January, Viet Nam Association of Seafood Exporters and Producers (VASEP) informed.
The duty applied to try fillets of 24 Vietnamese exporters was raised to USD 0,97 per kilo, higher than the USD 0.58 set in July 2014. Meanwhile, a rate of USD 2.39 per kilo still remains applicable to other Vietnamese companies that export to the US.
According to Truong Dinh Hoe, Vasep general secretary, the final result of the US review POR 10 issued, nearly doubles the anti-dumping tax rate levied on Vietnamese tra fish fillets imported between August 2012 and July 2013.
Hoe believes these high duties will force almost all exporters to temporarily stop selling their products to the US. He added that the number of exporters to the US market is expected to go down to three from as many as 30 companies four years ago.
Vietnamese seafood exports saw a 18.4 per cent increase yoy in 2014, reaching USD 7.9 billion. It was the highest level in three last years, exceeding Vasep’s target of USD 920 million.
However, the biggest reason for the exports increase in 2014 was disease outbreaks that affected farmed shrimps in China and Thailand, two of the largest exporting countries of this crustacean, Vietnam Briefing reports.
Among Vietnam’s major exported seafood products are frozen shrimp, pangasius, tuna and other fish, molluscs and crustaceans.
The greater market for Vietnamese seafood remains the US, with exports that reached USD 1.76 billion in 2014, representing an increase of 17.9 percent on 2013. Following stand the EU, Japan and Korea.
Although by end of 2014, orders for these key markets slowed, increasing exports to Asean countries and China balanced the deficit.
According to statistics by Vasep, sales of Vietnamese shrimp to the US grew 71.7 per cent in 2014. Shipments of pangasius, the second leading export product, rose only 0.6 per cent to USD 1.77 billion.
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Photo Courtesy of FIS Member  CL-Fish Corp., Ltd. - Cuu Long Fish JSC
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