US announces new penal tax on Vietnam catfish

It announced the decision after the third administrative review with a final report set to be released within 120 days, according to the Vietnam Association of Seafood Exporters and Producers.

The tariffs will apply to tra and basa shipped to the US between August 1, 2004 and July 31, 2006.

The average tax is set at 63.88 percent though the rate for individual companies might be amended later.

But the Can Tho Agriculture and Animal Products Import-Export Co (CATACO) will have to pay 80.88 percent because it failed to meet the DOC’s requirements during the investigation.

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