MEPs unanimously supported an agreement that will allow the European Commission (EC) to restrict imports of fish and derived products coming from common interest reserves, where Community fishing vessels operate along with third country ships.
Furthermore, the ban will be implemented on those resources known as 'associated species', whose definition is expanded to cover all the fish from the same ecosystem as the reserve of general interest, the agency EFE reported.
The agreement has the support of Parliament and of the countries belonging to the European Union (EU). At present, the formal approval by the full Parliament, who will cast their vote in September, and the Council’s decision are expected.
The action taken is related to the excesses in mackerel captures in the North-Eastern Atlantic from Iceland and the Faroe Islands.
According to the presenter of the text in the Fisheries Committee, Cope Gallagher, the agreement will allow the adoption of effective trade sanctions and will have a deterrent effect for those countries engaged in overfishing.
"I strongly believe that the agreed text will provide effective and viable trade sanctions that will function as a real deterrence tool for those countries that engage in unsustainable fishing practices now and in the future," he said.
"The dispute on mackerel in the Northeast Atlantic is the driving force of these new measures. However, I hope they will never be used against Iceland and the Faroe Islands," the Irish MEP added.
The agreement also includes additional sanctions, such as restricting the entrance of vessels from a non-complying country into European ports or the transport of fish from overexploited stocks.
(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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