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| DOC has announced anti-dumping tariffs on Vietnamese pangasius |
| The US Department of Commerce (DOC) has made a preliminary decision on charging anti-dumping tariffs on imported Vietnamese pangasius from 1 August 2008 until 31 July 2009. Vietnamese firms have to pay a high tax rate of USD 4.22 per kg, a 100 - 120 percent jump from last year. As a result, pangasius companies will suffer heavy losses as well as face additional barriers in the US market. |
 The anti-dumping tariff is unreasonable because the DOC chose to compare the Philippines, a country that hosts only a few fish breeding areas, with Vietnam. Moreover, aquaculture in the Mekong Delta region of Vietnam has grown tremendously due to massive investment in breeding and processing techniques plus low input costs.
VASEP has decided to deal with the problem by starting to get in touch with relevant agencies and companies to ask the DOC to go back and reassess its anti-dumping taxes on pangasius imported from Vietnam. |
| (Source: Vasep) |
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