Tuna exports to EU surge thanks to trade deal
Tuna has become one of Vietnam’s first export items to benefit from the country’s free trade deal with the E.U., with shipments surging in August.
Fishermen pull up a tuna in central Khanh Hoa Province. Photo by VnExpress/Thanh Nguyen.
They rose 65 percent year-on-year to $6.3 million in the first half of August after the landmark EU-Vietnam Free Trade Agreement (EVFTA) took effect at the beginning of the month.
The Vietnam Association of Seafood Exporters and Producers (VASEP) attributed the rise to the trade deal. Most of the orders were for frozen, steamed and canned products, which have all seen tariffs scrapped or reduced, it said.
There is potential for further growth, it added.
The share of tuna in total exports to the bloc had dropped from 24 percent in 2018 to 19 percent last year.
Some technical customs issues last month had posed difficulties and increased costs for Vietnamese exporters, but they have been resolved and exports are set to grow even stronger in the remaining months of the year, VASEP said.
Vietnam’s tuna exports grew by 10.2 percent last year to over $719 million, with the largest buyers being the U.S., the E.U. and ASEAN
Có thể bạn quan tâm
Tuna exports expand 10 percent in 2019 Last year, Vietnam’s tuna exports exceeded 719 million USD, an increase of 10.2 percent from 2018
U.S. to re-evaluate food safety for Vietnamese tra fish next month The Food Safety and Inspection Service (FSIS) under the U.S. Department of Agriculture is expected to send a working team to Vietnam to evaluate
Cần Giờ has enormous potential for high-value aquatic products, swift nests After switching to breeding spotted Babylon snails nine years ago Hùynh Văn Mảnh’s income has risen by multiple times compared to breeding shrimp or fish.
January seafood export is estimated to reach $644m Vietnam takes in USD 3 billion from exports of forestry, agricultural and seafood products, equally to 84.3% of the same period last year.
Seafood export value down in January Việt Nam’s total seafood export value in January fell by 12.5 per cent to US$644 million year-on-year due to the impacts of the novel coronavirus epidemic