How will Vietnamese seafood exports to the US be affected after the US election?

Published 2024년 12월 2일

Tridge summary

The re-election of President Donald Trump presents both opportunities and challenges for Vietnam's seafood exports to the US. Despite strict protection policies, Vietnam has managed to maintain its position as the US's largest seafood export market, with improving quality of Vietnamese seafood helping to mitigate the impact of political fluctuations. With the US-China trade conflict potentially leading to changes in the US supply chain, there is potential for Vietnam to increase its seafood exports to the US market. However, Vietnamese seafood enterprises face US trade defense measures and strict food safety standards, which could increase production and inspection costs and heighten competition with other seafood exporting countries. To capitalize on these opportunities, Vietnamese seafood enterprises must maintain high product quality, increase deep processing, exploit free trade agreements, and comply with US food safety regulations and sustainable production standards.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Mr. Donald Trump was re-elected as the President of the United States. The special trade policies of the United States under Mr. Trump can create both opportunities and challenges for Vietnam's seafood exports in the time to come. Challenges from trade defense policies In recent years, the US has always been Vietnam's largest seafood export market. Seafood export turnover to the US in the past 5 years has fluctuated from US$1.5 billion to US$2.1 billion per year. According to Ms. Le Hang, Communications Director of the Vietnam Association of Seafood Exporters and Producers (VASEP), despite always facing strict protection policies such as anti-dumping and anti-subsidy taxes, the demand of the US market is still very large and the quality of Vietnamese seafood is increasingly improving, helping to maintain and expand its position in this market. Therefore, Vietnam's seafood trade with the US is less affected by political fluctuations such as the US presidential election results, ...

Source: WTOCenter