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Aquatic product export estimated at 3.94 billion USD in first half

Export value of aquatic products was estimated at 732 million USD in June, bringing the figure for the first half of the year to 3.94 billion USD, up 10.5 percent annually, according to the Ministry of Agriculture and Rural Development.
Aquatic product export estimated at 3.94 billion USD in first half ảnh 1Illustrative image (Source: VNA)
Hanoi (VNA) – Export value of aquatic products wasestimated at 732 million USD in June, bringing the figure for the first half ofthe year to 3.94 billion USD, up 10.5 percent annually, according to theMinistry of Agriculture and Rural Development.

Major markets - Japan, the US, China and the Republic ofKorea - accounted for 52.9 percent of the total value.

In the first five months of this year, markets postingstrong growth include the Netherlands (63.1 percent), Germany (27.7 percent), andHong Kong (China) (23.6 percent).

According to the Agro-Processing and Market DevelopmentAuthority, there is positive prospect for aquatic products export in the nearfuture, especially in China as from July 1, import tariff on 221 aquaticproducts from member countries of the World Trade Organisation will be cut by2-10 percent.

Moreover, demand for fishery products in China is increasing,particularly for tra fish, tuna, frozen shrimp, fish oil, dried and cannedfish.

Import tariff on frozen tra fillet will be cut to 7 percentfrom 10 percent while taxes on fresh and frozen tra fish will be reduced from12 percent to 7 percent.

Vietnamese and Chinese seafood traders have asked customsoffices at Hekou border gate to reform customs clearance for Vietnameseagro-forestry-fishery products, making it easier for them to enter Kunming cityvia Hai Phong – Hanoi – Lao Cai – Kunming road and wholesale markets.

Meanwhile, seafood export to traditional markets such as theEU and US is facing difficulties regarding tariff and food safety quarantine.

The Ministry of Agriculture and Rural Development assignedthe Directorate of Fisheries to build trademarks for shrimp and tra fish underthe project “Improving competitiveness of fisheries sector in the context ofglobal economic integration”.

The Government also required the Ministry of Industry andTrade to assist firms in building, protecting and developing Vietnamese shrimptrademark under the Decision No.79/QD-TTg dated January 18, 2018.-VNA
VNA

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