The Eurothon committee, led by president Juan Vieites who is also the secretary general of Spain's National Association of Manufacturers of Canned Seafood (ANFACO-CECOPESCA), held their 35th General Assembly meeting. The group strives to protect stakeholders in Europe's tuna industry as well as in African, Caribbean and Pacific Group of States (ACP) and Generalized System of Preferences Plus (GSP+) countries.
At the meeting, Eurothon discussed key issues that it hopes the European Commission (EC) will consider when implementing new policies for 2012.
One concern is the ongoing negotiations for a comprehensive Economic Partnership Agreement (EPA) between the European Union (EU) and the Pacific-ACP states (PACPs). In 2008, Papua New Guinea (PNG) requested to “global source” its processed fish products - an exemption from the standard Rules of Origin (RoO) that allows the country to source raw material from any vessel regardless of flag or where it was caught, as long as the final product is manufactured by a PACP-based processing facility. Eurothon is concerned this privilege would set a precedent for other trade agreements and says the EC-funded report on global sourcing needs to be further analyzed.
The group also addressed its position on various trade negotiations, including the upcoming talks with Vietnam. The country, it says, poses a “significant risk” due to its close proximity to Thailand and the availability of “cheap” labor.
Another issue that warrants attention is Ecuador's proposal to renew the duty-free access for its exported items to Europe. The GSP+ trade agreement, set to expire at the end of 2013, could motivate the Philippines to also seek a similar tariff break, which would be “extremely alarming,” according to Eurothon. Eurothon is also keeping a close eye on China's participation in world fisheries. It aims to provide insight to the European Parliament, highlighting the “danger” of Chinese investments in PNG and observing the increased activity of the Chinese tuna fleet in the Western Pacific and Indian Oceans.
The group also opposes the proposed new requirements for product labeling. Revisions to the EU's Common Fisheries Policy, the framework which manages the fisheries in Europe, will be discussed in the European Parliament this year, and one of the recommendations is to establish standardized eco-labeling for fishery products.
Eurothon hopes today's meeting will “lay the groundwork to ensure the viability and competitiveness of the EU tuna industry.”
(seafood.vasep.com.vn) The US remains Vietnam’s largest single market for shrimp imports, accounting for 20% of Vietnam's total shrimp exports globally. As of October 15th, 2024, Vietnamese shrimp exports to the US reached nearly 600 million dollas, marking a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) According to Vietnam Customs, pangasius exports to Canada reached over 1 million USD in the first half of October 2024, a 33% decrease compared to the same period last year. However, by October 15, 2024, total pangasius exports to Canada had reached 32 million USD, reflecting a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) Cà Mau is accelerating its digital transformation, developing green industries, and promoting high-tech processing of agricultural and aquatic products, with a focus on sustainable economic growth and environmental protection.
(seafood.vasep.com.vn) The Dong Thap Pangasius Festival 2024, themed 'Dong Thap Pangasius: Green Journey - Green Value', will take place on November 16-17 in Hong Ngu City.
The positive business momentum in the domestic seafood sector could last into the first half of 2025, according to experts.
(seafood.vasep.com.vn) In the first three quarters of 2024, brackish water shrimp production exceeded 1.1 million tons, with export revenue reaching $2.8 billion. The seafood industry has set a target of $4 billion for shrimp exports for the entire year.
While the price of 1 kg of shrimp hovers around 20 USD, the value of 1 kg of chitosan—extracted from shrimp—can soar to 500 USD. This highlights a significant challenge within the seafood processing industry.
(seafood.vasep.com.vn) By October, Vietnam's shrimp exports had generated nearly $3 billion, reflecting an increase of over 10% compared to the same period last year. Shrimp remains the leading commodity contributing to the export turnover of the entire seafood industry.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX VN - HoSE: FMC) concluded Q3/2024 with significant growth in revenue. Specifically, Sao Ta Food recorded revenue of VND 2,845 billion, a 58.6% increase year-on-year. The company's profit after tax reached VND 95 billion, up 6.2%.
VASEP's Seafood Export Report for the third quarter of 2024 provides a comprehensive overview of Vietnam's seafood export performance in the first nine months, with impressive results reaching $7.2 billion—an increase of 9% over the same period last year. In the third quarter alone, seafood exports grew by 15%, totaling $2.8 billion. This growth is attributed to a recovery in demand and prices in key markets such as the U.S. and China, as well as the competitive advantage of value-added products in markets like Japan and Australia.
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