Vietnam: China raised trade barriers to import pangasius - VASEP

Published 2021년 8월 26일

Tridge summary

The Vietnam Association of Seafood Exporters and Producers (VASEP) reported a decrease in pangasius exports to China-Hong Kong, the largest market, by 0.8-11.4% in the second quarter compared to the previous year. This decline is attributed to China's decision to halt imports of frozen food from several countries, including Vietnam, India, and Thailand, due to Covid-19 concerns. As a result, other aquatic products such as white fish, Norwegian salmon, Chilean salmon, and Russian pollock also face import challenges. Chinese consumers are consuming more domestic seafood, leading to price increases in freshwater cultured fish. VASEP anticipates further trade barriers and stricter Covid-19 control at borders and import ports, potentially causing a greater reduction in Vietnam's pangasius exports to China in the coming quarter.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Vietnam Association of Seafood Exporters and Producers (VASEP) said that from the second quarter, the value of pangasius exports to China - Hong Kong market, which is the largest pangasius market of Vietnamese enterprises. fell 0.8-11.4% consecutively over the same period last year. The reason is that since the end of May, Zhanjiang - one of China's major transshipment hubs has announced to stop importing frozen foods from major seafood exporting countries including India, Vietnam, and Thailand. 8 other Asian countries from June 20 to July 15 due to many cities such as Guangzhou, Foshan, Shenzhen, Zhanjiang... showing signs of infection and spread of Covid-19. According to VASEP, in the first half of this year, China's demand for importing pangasius from Vietnam is still large, but the Government of this country still has many policies to reduce the source of imported seafood from other countries. Not only pangasius, other aquatic products such as white fish, Norwegian salmon, ...
Source: VNExpress

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