Tuna exports to EU grow thanks to trade deal

23-Feb-2021 Intellasia | DTI News | 7:15 AM Print This Post

Vietnam’s seafood exports have benefited greatly from the Europe Vietnam Free Trade Agreement (EVFTA), especially that of tuna.

According to the Vietnam Association of Seafood Exporters and Producers, tuna exports to the bloc grew by 2.4 per cent to $136 million last year. The EVFTA took effect in August 2020, and many tariffs have been reduced to zero.

Demand for canned and frozen tuna is high in the EU also due to the pandemic.

Italy, Germany and Spain are the three largest importers in the bloc. Vietnam’s exports to Italy and Germany grew in 2020 but exports to Spain fell.

Italy, one of the largest importers of tuna in the EU, is also Vietnam’s largest buyer of fresh and frozen tuna in the bloc, with exports increasing by 9 per cent last year.

Vietnam, Germany’s fifth largest supplier of canned tuna, increased its exports to that country last year.

The EVFTA has enabled seafood exports to grow in double digits since September, helping the industry recover from the impacts of COVID-19.

Trương Đinh Hoe, general secretary of the association, said seafood exports to the EU also picked up from September, and were worth $992 million for the full year.

Businesses utilised the trade deal effectively, he said.

According to the Ministry of Industry and Trade, there has been a sharp increase in the number of businesses obtaining the certification of origin to take advantage of free trade agreements.

http://dtinews.vn/en/news/018/72587/-tuna-exports-to-eu-grow-thanks-to-trade-deal.html

 

Category: Economy, Uncategorized, Vietnam

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