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VN pangasius exporters need preparation to take opportunities from EVFTA
August 07, 2019, 11:03 AM
(seafood.vasep.com.vn) In May 2019, Pangasius exports to EU market continued to increase nearly 18% compared to the same period in 2018. By the end of May, 2019, the total export value of pangasius to this market reached US$118.7 million, up 29.8%, accounting for 15% of total export value of pangasius. Particularly, exports to the UK and Germany continued to grow positively from 2 - 3 digits compared to the same period in 2018.

On June 30, 2019, the Free Trade Agreement (EVFTA) and Investment Protection Agreement (IPA ) between the European Union (EU) and Vietnam was signed in Vietnam. The question is, will Vietnamese pangasius exporters take advantage of the opportunity to boost export to this market?

According to the Ministry of Industry and Trade, after the signing ceremony on June 30, the trade agreement with the EU must go through the approval process. According to regulation, the European Parliament will consider on the basis of the proposal of the European Commission at the end of 2019. If implemented, EVFTA will be a huge boost to Vietnam's exports, helping diversify market and export items, especially agricultural and seafood products as well as Vietnamese products which have many competitive advantages. The level of commitment in EVFTA can be considered the highest commitment that Vietnam has achieved in the signed FTAs so far.

Vietnam pangasius exporters need to grasp this advantage to increase export activities in the future. On the other hand, businesses also need to pay attention to the possibility of increasing non-tariff barriers for imported products, in which, standards of quality will be more stringent.

EU’s pangasius and basa fish imports, 2018-2019 (thousand USD)

No

Markets

Q1

Q2

Q3

Q4

2018

Q1/2019

1

Netherlands

13,185

18,128

17,024

12,045

60,382

 

2

UK

9,053

10,860

13,641

15,254

48,808

16,890

3

Germany

9,612

8,660

10,022

8,206

36,500

8,821

4

Italy

4,273

7,802

6,321

3,086

21,482

 

5

Belgium

4,316

5,592

4,959

6,058

20,925

 

6

Spain

2,586

6,281

5,852

4,750

19,469

6,579

7

France

3,452

3,800

3,979

3,216

14,447

5,170

8

Poland

2,885

2,086

3,188

4,454

12,613

 

9

Portugal

2,907

2,616

3,800

2,528

11,851

2,422

10

Austria

2,029

1,736

1,822

2,091

7,678

 

11

Greek

1,466

1,777

2,127

1,168

6,538

1,273

12

Hungary

1,553

1,269

1,589

2,032

6,443

 

13

Switzerland

957

2,279

776

806

4,818

 

14

Romania

1,171

993

942

1,253

4,359

 

15

Slovenia

942

797

747

1,073

3,559

 

16

Denmark

985

516

774

603

2,878

 

17

Czech Republic

401

312

748

619

2,080

416

18

Cyprus island

248

694

708

312

1,962

 

19

Estonia

370

459

287

468

1,584

378

20

Lithuania

309

294

254

366

1,223

349

21

Slovakia

208

202

142

588

1,140

 

22

Croatia

433

223

151

245

1,052

 

23

Latvia

147

194

215

168

724

 

24

Finland

89

173

197

131

590

 

25

Bulgaria

92

59

200

102

453

 

26

Luxembourg

103

111

97

107

418

 

27

Malta

35

80

147

43

305

 

EU

63,807

77,993

80,709

71,772

294,281

42,298

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