The Ministry of Industry and Trade has reduced its October forecast for tra fish exports from US$1.38 billion to US$1.35 billion following plans by the US to impose an anti-dumping tax of 130 percent on the fish.
The Vietnam Association of Seafood Exporters and Producers (VASEP) said the country’s total seafood export value this year would be US$4.81 billion, lower than earlier estimates.
The new tax rate, far in excess of nay previous dumping tariffs imposed on Vietnamese seafood exports in the last eight years, was agreed at the sixth administrative review by the US Department of Commerce (DOC).
In pervious DOC reviews, most Vietnamese exporters enjoyed a tax rate of just 0.52 percent, the lower possible.
VASEP said the DOC had agreed to let Vietnamese tra exporters until October 26 to submit documents relating to their exports if they wanted the draft tax rate reviewed.
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