Commissioner Vella said: "Putting an end to illegal fishing is one of the main objectives of the EU's international ocean governance agenda. By joining forces with the Republic of Korea, a world player in fisheries, we send a clear message to those breaking international law that there is no place for such products on our markets and we will continue to fight illegal fishing until we have fully eradicated it."
With the new partnership, in line with the objectives of the EU's Ocean Governance strategy, the EU and the Republic of Korea will:
- exchange information about suspected IUU-activities
- enhance global traceability of fishery products threatened by Illegal, Unreported and Unregulated fishing, through a risk-based, electronic catch documentation and certification system
- join forces in supporting developing states in the fight against IUU fishing and the promotion of sustainable fishing through education and training
- strengthen cooperation in international fora, including regional fisheries management organisations.
The Republic of Korea and the European Union have been working closely together on IUU fishing for several years already. The Republic of Korea is the fourth country with whom the EU signs a joint statement on IUU fishing, following the USA, Japan and Canada. Together, these five economies imported almost 90 billion euros worth of fish and fisheries products in 2017.
Illegal, Unreported and Unregulated fishing constitutes one of the most serious threats to sustainable fishing and to marine biodiversity in the world's oceans, with devastating environmental and socio-economic consequences. These consequences are particularly challenging for coastal communities in developing countries, who rely on fisheries for food and employment. Globally, IUU fishing is estimated to deprive coastal communities and honest fishermen of up to 20 billion euros of seafood and seafood products per year.
Background
The EU is internationally recognised for its leadership in the fight against IUU fishing. Under EU legislation, only fish that is legally caught can be sold on the EU market – the biggest market for fish and fisheries products in the world. Countries for which there is concern about IUU fishing receive a ‘yellow card'. This starts a process of dialogue and support to find solutions and ensure that international law is fully applied. This can either lead to the repeal of the yellow card or it can turn into a ‘red card', which would mean the banning of the products from the EU market.
In April 2015, the Commission lifted the yellow card adopted in 2013 to the Republic of Korea, recognising the country's efforts to bring its legal and administrative systems in line with the international standards. Since then, the Commission and the authorities of the Republic of Korea have continued their fruitful cooperation in a bilateral working group to address IUU fishing.
(europa)
SSI forecasts a 28% year-on-year increase in after-tax profit attributable to the parent company of Vinh Hoan Corporation (VHC), driven by a gradual improvement in average selling prices from USD 3.15/kg in 2024 to USD 3.30/kg (+5%) in 2025. An Giang Fisheries Import-Export Joint Stock Company (ANV)'s after-tax profit attributable to the parent company is projected to rebound by 104%.
In 2025, the Mekong Delta province of Bac Lieu aims to earn 1.2 billion USD from exporting shrimp, one of the key export products that accounts for over 95% of its total export value.
(seafood.vasep.com.vn) The Report on Vietnam Pangasius Sector 2015–2024, produced and released by the Vietnam Association of Seafood Exporters and Producers (VASEP) in January 2025, is expected to provide enterprises, importers, and government agencies with a comprehensive overview of key developments in Vietnam's pangasius production and export over the past decade. In addition to highlighting achievements, the report identifies existing challenges and analyzes future opportunities and threats for the pangasius industry.
(vasep.com.vn) Overcoming two years of fluctuation in both export markets and domestic production, Vietnam's pangasius industry has demonstrated resilience, adaptability, and a strong determination to seize opportunities and boost exports to various markets. As a result, in 2024, pangasius exports reached USD 2 billion, a 9% increase compared to 2023. This achievement is a source of pride for Vietnam's aquaculture and agriculture sectors.
(seafood.vasep.com) Speaking at a conference to implement the 2025 plan of the Ministry of Agriculture and Rural Development, Prime Minister Pham Minh Chinh urged the agricultural sector to strive for a total export turnover of agricultural, forestry, and fishery products reaching $70 billion by 2025.
With robust production and processing infrastructure, combined with continuous market development efforts, Vietnam’s seafood exports are poised for 10–15% growth in 2025.
In 2025, seafood exports are expected to continue to grow better and could reach 11 billion USD as in 2022. However, this is also the year the seafood industry will face challenges, including increased competition from other countries, trade wars and market barriers...
(seafood.vasep.com.vn) On the afternoon of December 25, at Toan Thinh Conference Center (Soc Trang City), the Soc Trang Fisheries Sub-department, under the Department of Agriculture and Rural Development of Soc Trang, held a conference to review the 2024 aquaculture activities and outline the brackish water shrimp farming plan for 2025. The event was attended by Ms. Quach Thi Thanh Binh, Deputy Director of the Department of Agriculture and Rural Development of Soc Trang.
The Mekong Delta province of Soc Trang aims to achieve export value of over 1.9 billion USD in 2025 by boosting production and processing of key products such as seafood, high-quality rice, fruits, and garments.
The UK-Vietnam Free Trade Agreement has significantly boosted Vietnamese seafood exports, with shrimp and pangasius leading the charge in the UK market.
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