“We are one important step closer to protecting millions of U.S. shrimp consumers, our U.S. shrimp fishery, and legitimate, law-abiding shrimp importers from illegal shrimp imports”, said Southern Shrimp Alliance (SSA) Executive Director, John Williams, who further noted that shrimp is our nation’s largest seafood import with over $6 billion in shrimp products imported in 2017.
Shrimp importers have until December 31, 2018, to be in full compliance with the requirements of the SIMP program. Accordingly, shrimp importers must -
- be U.S. citizens;
- secure and maintain an International Fisheries Trade Permit (IFTP) from NOAA;
- report upon entry into the US a range of data elements needed to confirm the lawful acquisition of the product at the point of harvest; and
- for two years, keep records of that data along with information documenting the integrity of the supply chain of custody from those harvest events to entry into the U.S.
The program further provides NOAA with authority to perform audits of the harvest and chain of custody information provided by importers. This will greatly facilitate the U.S. government’s efforts to combat IUU fishing and a broad array of fraudulent activities in the shrimp import supply chain devised by dishonest importers to evade various U.S. trade and consumer safety laws.
As previously reported by SSA, shrimp imports have been associated with a range of illegal activities including -
- IUU fishing;
- the use of dangerous, illegal antibiotics by overseas shrimp farms;
- the use of slave labor by foreign fishing vessels, shrimp farms and processing facilities; and
- the evasion of U.S. anti-dumping duties and efforts by the FDA to enforce U.S. food safety laws.
The inclusion of shrimp imports under the SIMP program was a long-fought and hard-won legislative battle championed by a number of powerful Members of Congress deeply concerned about these illegal activities. Opponents of the legislation included the National Fisheries Institute and the National Restaurant Association.
1) March 22 “U.S. Congress Acts to Place Imported Shrimp Under the Seafood Import Monitoring Program”:http://www.shrimpalliance.com/u-s-congress-acts-place-imported-shrimp-seafood-import-monitoring-program/
2) March 23: “Update: Shrimp Under SIMP Is Now The Law”: http://www.shrimpalliance.com/update-shrimp-simp-now-law/
Source: Southern Shrimp Alliance
According to the Board of Directors' report, IDI successfully maintained its traditional customer base in 2024 while expanding into high-potential markets, particularly the United States, benefiting from a significant reduction in anti-dumping duties.
Recently, Vietnam's La Vong fish cake was ranked number 1 in the list of the world's best white fish dishes by the world-famous culinary website Taste Atlas.
Currently, many households in the suburbs of Ca Mau City are implementing a fairly effective pangasius farming model, bringing in a stable source of income. Unlike the industrial scale in other provinces in the region, the pangasius farming model here is quite simple, low-cost, and is considered a promising direction for farmers.
Over 200,000 ha of Vietnam's shrimp farms are cultivated organically and ecologically, certified by international organizations.
Vĩnh Hoàn Corporation (stock code: VHC – HoSE) has outlined an ambitious business plan for 2025, targeting revenue of VND 13,800 billion (up 10.3% from 2024) and after-tax profit of VND 1,500 billion (up 22.3%). This follows a successful 2024, where the company recorded revenue of VND 12,513 billion (exceeding 109% of the plan) and after-tax profit of VND 1,226 billion (surpassing 123% of the VND 1,000 billion profit target). The 2025 Annual General Meeting of Shareholders is scheduled for April 24 in Ho Chi Minh City to discuss these plans.
Sa Giang Import-Export Corporation continues to assert its position as one of the leading export enterprises in Đồng Tháp, achieving a revenue of thousands of billions of VND from shrimp crackers and rice paper in the past year.
(seafood.vasep.com.vn) After three years of implementation, the UK-Vietnam Free Trade Agreement (UKVFTA) has yielded positive results for Vietnam’s tuna exports. The United Kingdom officially became a member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on December 15, 2024. This is expected to bring significant benefits for seafood enterprises, particularly in terms of tariffs and intra-bloc origin regulations - especially for tuna products.
On March 3, Sa Giang and Citek officially launched a comprehensive enterprise digital transformation project using the GROW with SAP solution.
(seafood.vasep.com.vn) According to the Action Plan to implement the growth targets for agriculture, forestry, and aquaculture from the Bình Định Department of Agriculture and Environment, which has just been issued, the goal for 2025 is to achieve an overall GRDP growth rate for the entire sector from 3.6% to 3.8%, with the highest effort to reach a growth rate of 3.8%.
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