Auspicious start for Vietnamese seafood exports to EU
Updated : Wednesday, February 14, 2018 10:47 AM (GMT+0700)

Vietnamhas enjoyed robust signs in seafood shipments to the EU market in January aftera tough time caused by the “yellow card” issued by the European Commission overthe problem of illegal, unreported and unregulated (IUU) fishing.

 
Seafood processed for exports. Vietnam has enjoyed robust signs in seafood shipments
to the EU market in January - Photo: VNA

Tuna shipments experienced aremarkable recovery as export revenue surged 21 percent year-on-year to nearly41 million USD in January, following an 18 percent drop in December 2017. 

The export of cuttlefish andoctopus to the EU recovered from a 3.6 percent decrease in Quarter 4 of 2017,picking up 5 percent on a yearly basis.

Meanwhile, the industrypocketed 106 million USD from fish exports and over 8 million USD from crab andother crustaceans, up 24 percent and 7 percent, respectively. 

However, seafood exports areforecast to face formidable challenges when the EU is intensifying theexamination of the catch certificate of Vietnamese seafood.

Currently, the Vietnameseauthorities are striving to regain “green card” for the seafood sector.

Vietnam was served with ayellow card warning by the EU in September and it has been offered theopportunity to take measures to rectify the situation within six months. 

To this end, the EC hasproposed an action plan for the country. The "yellow card" isfollowed by a "green card" if issues are resolved or a "redcard" if they aren’t. A “red card” can lead to a trade ban on fisheryproducts.

The Ministry of Agricultureand Rural Development is implementing urgent solutions in response to the EU’swarning on IUU fishing with the focus on drafting a decree guiding theenforcement of the 2017 Law on Fisheries and submitting a new documentreplacing existing regulations on administrative fines in fishing activities.

Seafood businesses havecommitted to fighting against IUU fishing to protect Vietnamese seafood’sprestige and bolster sustainable seafood development in the country.

Source:VNA  

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