Measures sought to facilitate Vietnam’s shrimp export to US
Updated : Saturday, June 09, 2018 3:16 PM (GMT+0700)

Highanti-dumping tariff and the US Seafood Import Monitoring Programme (SIMP) arenow key barriers facing Vietnamese shrimp exporters. 

 
Illustrative image - Source: VNA

According to the VietnamAssociation of Seafood Exporters and Producers (VASEP), though shrimp export inthe first four months grew by 13.8 percent annually to over 1 billion USD, theApril figure dropped by 0.4 percent year-on-year, reaching over 275 millionUSD. 

Last year, while shrimpexport to countries surged, it fell by 8 percent from 2016 in the US market,partly due to high anti-dumping tax. 

In early March, the USDepartment of Commerce (DOC) announced preliminary results of anti-dumping taxon Vietnamese shrimp during the 12th period of review from February 1, 2016 toJanuary 31, 2017, amounting to 25.39 percent, much higher than the previousreviews. 

Though lawyers discoveredDOC’s miscalculations and preliminary results only serve as a reference, theruling worried both sellers and buyers. 

In April 2018, shrimp wasadded to the SIMP by the National Oceanic and Atmospheric Administration.Accordingly, shrimp importers must fully abide by SIMP’s requirements byDecember 31, 2018. 

Specifically, they must beUS citizens with International Fisheries Trade Permit from NOAA, declarenecessary data to ensure legal imports. Such data must be kept within twoyears. 

VASEP General SecretaryTruong Dinh Hoe said the US has high demand for aquatic products, especiallyshrimp. It imports nearly 600,000 tonnes of shrimp for domesticconsumption. 

However, Vietnam’s shrimpexport to the US only accounts for 10 percent annually, or around 60,000tonnes. Meanwhile, Vietnam could ship 150,000 tonnes to the country so thatfirms need to improve quality and competitiveness to expand their marketshare. 

VASEP has recently sent adocument to the Ministry of Agriculture and Rural Development suggestingmeasures for sustainable shrimp production and export. It asked the governmentto heed high-level diplomatic activities so that the US could rapidly lifttrade barriers, especially anti-dumping taxes on shrimp.

Source:VNA

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