(seafood.vasep.com.vn) The export of Vietnamese shrimps to Japan has shown signs of recovery this year, after a 9.2-percent decrease in 2018.
In February, Japan was the only market among top 7 largest markets of Vietnam shrimp posting a rise with a growth rate of 14.7 percent.
The increase was attributed to advantages of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which began taking effect in January.
In addition, the export of shrimps to Japan in 2019 is expected to achieve two-digit growth compared to 2018 as all import tariffs of Vietnam’s aquatic products exported to Japan will be reduced to zero percent within this year thanks to the Vietnam-Japan Economic Partnership Agreement.
Japan is currently the second largest export market for Vietnamese shrimp, accounting for 18 percent of the total in value.