In the 12th period of review (POR 12), Fimex, which was the only compulsory respondent in the administrative review, was struck with a tariff of 25.39%. Therefore, the anti-dumping duty margin imposed on Fimex was also applied to the rest Vietnamese shrimp exporters.
On March 8, VASEP said that the association, along with Fimex and all of its members, believe that the result was issued in error.
“For multiple years now, Vietnamese exporters have been evaluated during the administrative review process and none of them have received a dumping margin higher than a single-digit percentage rate,” VASEP said, noting that Fimex was assessed in the 9th administrative review and received a rate of zero percent.
Fimex found that a conversion factor from headless to head-on shrimp had been applied incorrectly. If the conversion rate had been applied correctly, the margin would be only 1.19%.
VASEP called on the US Department of Commerce (DOC) to make a timely and fair adjustment for Fimex and other Vietnamese shrimp exporters.
According to VASEP, though the preliminary conclusion has yet to take effect and the final conclusion could be different, it can still affect US importers and the shipment volume of Vietnamese shrimp to the country, particularly during the time pending the DOC’s final decision.
Vietnam saw a surge in shrimp exports to most markets in 2017, except for the US, which declined by 7% to US$659 million, according to VASEP.
The association attributed the drop to the impacts of anti-dumping duties.
