HÀ NỘI – The United States (US) and Việt Nam signed an agreement on Monday (US time) to resolve disputes over American anti-dumping duties on Vietnamese shrimp, Việt Nam News Agency reported. Accordingly, the two countries agreed on a framework to resolve two World Trade Organisation (WTO) disputes, DS404 and DS492, in which Việt Nam objected to American anti-dumping measures against Vietnamese shrimp. As a result, Minh Phú Seafood Corporation, the largest shrimp exporter of Việt Nam, will no longer be subjected to anti-dumping duties while exporting shrimp to the US. According to the Việt Nam Seafood Exporters and Processors, Việt Nam exported shrimp worth US$249.3 million to the US in the first five months of this year, rising 17.4 per cent year-on-year. Under the US Department of Commerce’s decision, Minh Phú Seafood Corporation’s dumping margin was found to be zero or not significant in three consecutive administrative reviews.

Source: Viet Nam News July 19, 2016 05:03 UTC