More firms hoped to ship aquatic products to Russia
Updated : Thursday, February 08, 2018 3:00 PM (GMT+0700)

MoreVietnamese businesses may soon be allowed to export aquatic products to Russiathis year after a Russian working group made a fact-finding tour of someVietnamese exporters, said Trade Counsellor of Vietnam in Russia Duong HoangMinh.

A tra fish processing factory - Photo: VNA

Minh said Vietnam’s tradeoffice in Russia had earlier held a working session with local agencies.

The move was made after Vietnamwas given a “yellow card” warning by the European Commission in September 2017for failing to progress in fighting illegal fishing, which could lead to a dropin aquatic exports to the EU and other markets.

The counsellor said exportsto Russia have encountered difficulties recently since this country and theEurasian Economic Union (EAEU), of which it is a member, limited aquaticproduct imports and only allowed 21 Vietnamese companies to ship products toRussia.

However, there are more than500 Vietnamese businesses eligible to export to the EU and other demandingmarkets at present. Therefore, the trade office of Vietnam has worked with theMinistry of Agriculture and Rural Development to persuade Russian agencies tolift barriers to Vietnamese aquatic products.

It also invited relevantagencies of Russia and the EAEU to make fact-finding tours to Vietnam in aneffort to have more companies be allowed ship aquatic products to thesemarkets, Minh added.

In 2017, Vietnam exported2.2 billion USD worth of goods to Russia, up 35 percent year on year.Commodities with high export growth included vegetables, fruits, cashew nuts,textiles-garments, wood products, machinery and spare parts.

The counsellor said theVietnamese trade office in Russia will now focus on helping businesses boostshipments and capitalise on the Vietnam-EAEU Free Trade Agreement.

It will also continueworking to understand regulations and commitments in the World TradeOrganisation and free trade agreements, as well as possible trade barriers.


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