8 months of seafood export expansion in ASEAN grow 41%

Published 2020년 10월 19일

Tridge summary

The Director-General of Thailand's Department of International Trade Negotiations has highlighted the resilience of the country's canned and processed seafood industry, even in a global economy marked by volatility. This resilience is attributed to the industry's ability to produce quality products and the benefits of Thailand's free trade agreements (FTAs). From January to August 2020, the industry experienced substantial growth in its exports, with canned tuna, processed fish, canned shrimp, and canned sardines seeing notable increases. These exports have been bolstered by tariff cancellations from 15 out of 18 FTA countries, including ASEAN. Thailand's canned and processed seafood industry is currently the world's second-largest after China and the leading exporter of canned tuna.

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Original content

Mrs. Oramon Subthawitham The Director-General of the Department of International Trade Negotiations revealed that Thai canned and processed seafood products can grow even in the volatile global economy. This is because entrepreneurs in the Thai canned and processed seafood industry have the potential to produce quality products. Including the spread of COVID-19 Resulting in increased demand for food products that can be stored for a long time In addition, Thailand also has a free trade agreement to help unlock tariffs on FTA countries as well. Currently, 15 out of 18 countries in which Thailand have FTAs, including ASEAN, 9, China, Australia, New Zealand, Chile, Peru and Hong Kong, have canceled all tariffs collected from Thailand. These factors led to the continued expansion of canned and processed seafood in the first eight months of 2020 (Jan-Aug), with an expansion of US $ 2,583.5 million to the world market. % From the same period last year Major exports such as canned tuna ...

Source: Ththansettakij