The two sides reached bilateral solutions to settle the two long-lasting World Trade Organization dispute over Vietnamese shrimp exports to the US, in which Vietnam sued the US for violating WTO regulations.
Earlier on May 20th, at Vietnam’s request, the US Department of Commerce began administrative procedures to carry out the WTO dispute findings. As a result, a Vietnamese exporter of frozen warm water shrimp - the Minh Phu Group - will no longer be subject to the anti-dumping duty order. In addition, duty deposits will be refunded to the Minh Phu Group. The anti-dumping duty order will remain in place for all other exporters of warm water shrimp from Vietnam.
The signing of the agreement is the result of negotiations and the good will of both sides. Vietnam hailed the US enforcement of the WTO ruling as demonstrating the country’s respect for its obligations at the WTO and its efforts to intensify multilateral trade.
