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NEWS UPDATES Asean Affairs   16 August 2013  

VASEP rejects new shrimp tariffs

The Viet Nam Association of Seafood Exporters and Producers (VASEP) has protested against the final decision by the US Department of Commerce (DOC) to impose subsidies on frozen shrimp imports from Viet Nam.

DOC announced that Minh Qui Co, a subsidiary of Minh Phu Seafood Corp, will be taxed 7.88 per cent on frozen shrimp, while Nha Trang Seaproduct Co will pay 1.15 per cent and others at around 4.52 per cent.

VASEP said that DOC's decision was unfair on Vietnamese shrimp exporters and producers who follow a market mechanism.

"The Vietnamese shrimp industry has not received any State subsidies for many years," said the report.

Anti-subsidy duties will directly impact the lives of more than 600,000 people involved in the Vietnamese shrimp industry, and US consumers who will have to pay higher prices for shrimp imported from Viet Nam.

"Imports account for more than 90 per cent of the total supply of shrimp in the US. In 2012, the US shrimp industry made significant growth in both output and price. This shows that imported shrimp is not a threat to the US shrimp industry," said the report.

VASEP has asked the US International Trade Commission to consider the case and come to a sound and proper decision.

In the first four months of this year, Vietnamese shrimp exports to the US amounted to US$123.7 million, accounting for 21.4 per cent the shrimp exported during that period.

The US is the second largest market for Vietnamese shrimp after Japan.

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ASEAN  ANALYSIS

This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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