US lifts anti-dumping duties on Vietnam’s Minh Phu
Minh Phu accounts for approximately 20 percent of Vietnam's total shrimp exports. Photo acquired by VnExpress.
The company, one of Vietnam’s biggest shrimp processors, announced on February 17 that it had received a communication from the agency on February 11. It will continue to export frozen shrimp to the U.S.
The company has been refunded the anti-dumping duties it temporarily paid following the October order.
On October 13, the agency had concluded that MSeafood Corporation, a subsidiary of Minh Phu, was using shrimp originating from India for export to the U.S., and imposed the same anti-dumping duties as shrimp exported by India.
The company’s CEO, Le Van Quang, said it had complained to the agency because it had an effective tracking system that proved it was not using shrimp from India for exports to the U.S.
Its separation and traceability method has been approved by the U.S.’s National Oceanic and Atmospheric Administration.
The company has stopped importing shrimp from India despite a shortage and instead itself set up high-tech shrimp farming areas.
It has two such farms in the southern provinces of Kien Giang and Ba Ria-Vung Tau with a total area of 900 hectares.