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May 29, 2017

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Vietnam rejects claims from US of subsidies of seafood producers

HO CHI MINH CITY -- Vietnamese seafood producers are prepared to embark on a long battle against a U.S. Department of Commerce anti-subsidy investigation to see whether the country and six others have been engaged in unfair trade practices.

The Vietnamese Association of Seafood Exporters and Producers (VASEP) says the petition by a coalition of shrimp producers in the U.S. is "groundless" and could harm exporters as well as American importers and consumers.

VASEP affirms that Vietnam's shrimp industry is not subsidized by the government, saying that farmers, producers and exporters all operate in a free market.

1 Comment
February 1, 2013    tanhg5@
The price of Vietnam shrimp is cheap because they don't have CEO, CFO and top managers playing golf and get millions of dollars of bonuses like their US counterpart.
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