The Vietnamese Foreign Ministry said that the heavy import tariffs to be imposed on Vietnamese catfish entering the US will hurt trade relations between the two countries.
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“The wrong decisions by the US Commerce Department and the International Trade Commission in this lawsuit are not in line with the spirit of the Vietnam-US bilateral trade agreement,” Foreign Ministry spokeswoman Phan Thuy Thanh said in a statement.
The US ITC (International Trade Commission) this week gave the go-ahead to duties as high as 64% on catfish shipped from Vietnam, agreeing with US producers that the imported catfish “posed a material threat” to them, reported Reuters.
Equally, catfish exporters in Vietnam have claimed that the imposition of such high tariffs would threaten the livelihoods of thousands of farmers in the Mekong delta, in the southern part of Vietnam.
American companies working in Vietnam are also worried by the decision.
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