Tuna exports to EU rise after FTA

ABO / NDO - Vietnamese tuna appears ideally placed to take advantage of the EU-Vietnam Free Trade Agreement (EVFTA), with shipments rising 0.5% year-on-year to US $ 126 million during January-November despite COVID-19. According to the Vietnam Association of Seafood Exporters and Producers (VASEP), tuna exports to Italy, Germany, and Spain rose 60%, 20%, and 41%, respectively. Exports prepare to the EU are expected to increase handily in December as importers prepare for tuna batches for 2021 while taking advantage of tariff incentives under the FTA. Under the agreement, which came into effect on August 1, the EU has eliminated tariffs on fresh and frozen Vietnamese tuna, with 11,500 tonnes of canned tuna and 500 tonnes of canned fish balls benefiting from the exemption annually. The bloc also removes tariffs on frozen tenderloin and fillets under a three-year roadmap, and on steamed tenderloin and fillets under a seven-year roadmap. With the tax breaks from the EVFTA, Vietnamese ...