A country suddenly has a shortage of fish after the Russia-Ukraine conflict, an opportunity for a fish of Vietnam?

Published 2022년 4월 6일

Tridge summary

The Vietnam Association of Seafood Exporters and Producers (VASEP) has identified the UK market as a potential opportunity for Vietnamese pangasius exports, especially in the context of the ongoing Russia-Ukraine conflict and the impact on white fish imports. Despite initial challenges, with the Free Trade Agreement between Vietnam and the UK officially in effect, VASEP anticipates a significant increase in pangasius exports to the UK, given the potential rise in seafood material prices due to the conflict. Consequently, Vietnamese pangasius enterprises are encouraged to promote their products to the UK market, providing an opportunity to offset the price hike and offer alternative solutions to British importers.

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, before Brexit, the UK was still an attractive and good growth market for Vietnamese pangasius, but more than a year after the UK left the EU. Pangasius exports to this market have not been as expected. But the ongoing Russia-Ukraine conflict, seemingly unrelated to the Vietnam-UK pangasius trade, can open up opportunities for Vietnamese pangasius businesses to promote pangasius exports to the UK market in the near future. next time. According to VASEP, by the first half of March 2022, the total value of pangasius exports to the UK market reached US$9.5 million, down 9.3% over the same period last year. Before that, in 2021, the export value of pangasius to this market was just over US$51 million, down 20.8% compared to 2020. On May 1, 2021, the Free Trade Agreement between Vietnam and the United Kingdom of Great Britain and Northern Ireland (UKVTFA) also officially took effect. Under this Agreement, UK ...

Source: Danviet