US anti-dumping duties give Vietnam exports rocky start to year

21-Feb-2015 Intellasia | Undercurrent News | 6:00 AM Print This Post

The Vietnam association of seafood exporters and producers (Vasep) had expected exports to continue rising in 2015, but the start of year has seen a sharp decline in sales, reports Vietnam Net.

Shrimp and pangasius exports got off to a rocky start in January, on the back of a US Department of Commerce (DOC) decision to impose anti-dumping duties on imports late last year.

The ban on imports by the DOC for excessive antibiotics pulled overall seafood exports for January down sharply by 27 percent year-on-year, to $425 million, but Vasep fully expects the market decline to be temporary and it to comeback strongly.

Aside from the US market, seafood exports to key markets such as Japan and the EU have also been negatively affected, due to a devaluation of the Japanese yen and euro.


Category: Business, Vietnam

Print This Post

Comments are closed.