The Hanoitimes - Vietnam’s seafood is facing numerous difficulties including steep anti-dumping tariffs from the US and the “yellow card” warning from Europe
The European Commission (EC) is scheduled to reconsider the “yellow card" it issued last year to Vietnam by January 2019, Deputy Minister of Agricultural and Rural Development Ha Cong Tuan has said.
In October 2017, Vietnam was warned with a six-month “yellow card” by a European Commission (EC) decision over the illegal, unreported and unregulated fishing (IUU) in the country. For the card removal, the EC also listed nine recommendations for Vietnam to fulfil during a six-month (October 23, 2017 – April 23, 2018) test period.
Between June 15 and 24, an EC delegation reviewed the progress of Vietnam's fight againt IUU, with an aim to consider removing the yellow card. However, to have this warning withdrawn, Vietnam’s seafood industry faces challenges including shortcomings in fishing control, origin traceability, said a Vietnamese official.
Regarding this issue, Vietnam has been putting efforts to ensure the transparency and sharing information with the EC. The country would also increasingly equip fishing boats, as well as boost the implementation of EU’s recommendation in localities, said Tuan from MARD.
“As experience shows, no country has made the EU’s yellow card removed within twelve months. In the Vietnam case, both sides have involved in discussing and tackling the issue without hindering the two-way trade flow during the period,” Tuan added.
It’s until late 2018 to know that Vietnam’s seafood can still access the US market or not, while the gate to EU remains a blur, with their “yellow card” being reconsidered one more time by early 2019. In such the context, China remains the mere market that could help Vietnam’s seafood keep the growing pace.
China will emerge as Vietnam’s main pangasius market during 2018 and 2019 that accounts for 30% of the latter's total seafood exports. The information was released by the Vietnam Pangasius Association during its recent meeting, in which many Vietnam’s seafood enterprises showed notable concerns over the recently inflating exports of this product to China to 23% in early 2017 from 6.4% in 2014.
As of the first quarter this year, Vietnam’s seafood exports reached US$1.7 billion, up by 11.5% against last year, of which pangasius volume hit nearly US$430 million, up 16% compared to the same period last year. Pangasius heads to export volume’s target of US$2-2.2 billion, making up about 31.5% of total seafood exports, according to the Directorate of Fisheries.