US, Vietnam reach deal on US imports of Vietnamese shrimp

Employees work at Cafatex shrimp and Pangasius Catfish factory in Vietnam's southern Mekong delta province of Hau Giang August 28, 2015.
Kham | Reuters
Employees work at Cafatex shrimp and Pangasius Catfish factory in Vietnam's southern Mekong delta province of Hau Giang August 28, 2015.

The United States and Vietnam signed an agreement on Monday resolving two longstanding World Trade Organization disputes over imports of Vietnamese shrimp to the United States, the U.S. Commerce Department said.

"The agreement also provides a framework for the settlement of certain U.S. court litigation, as well as the resolution of certain outstanding duty claims covering various administrative reviews of the warmwater shrimp antidumping duty order," the department said in a statement.

As a result, Minh Phu Group will no longer be subject to the antidumping duty order, while other Vietnamese exporters of warmwater shrimp will still be affected by the order, it said.