“Even though it looks like sanctions will be eased, it is just an announcement made at high levels of the government – and the practical measures needed to make it reality have not been taken,” said U Han Tun, general co-secretary of the Myanmar Fisheries Federation, during a weekly meeting on October 9.
“We can start getting ready for when we can export to those markets, even though that is not yet possible,” said U Han Tun, general co-secretary of Myanmar Fisheries Federation (MFF).
He added that the fisheries industry is not ready to supply EU and US markets immediately because the commonly farmed species in Myanmar are not attractive to consumers in those markets, he said.
“Myanmar mostly farms rohu [carp], a freshwater species that is popular with Bengladeshis.
“However, Myanmar also exported 8000 tonnes a year of freshwater prawn to the US before the sanctions were imposed in 2003,” he said.
He added that Western consumers mostly prefer saltwater prawn, as well as tilapia and sea bass.
U Han Tun said the US imports at least 500,000 tonnes of saltwater prawn a year, while China exports 300,000 tonnes of tilapia to the US a year.
He added that Myanmar could also start exporting sea bass to the EU if it is allowed to access the globalised system of preferences (GSP) for least developed countries, adding to the 240,000 tonnes supplied by Vietnam annually.
“Vietnam is the main sea bass supplier to the international market. But Myanmar still has chance for export this fish to the EU,” he said.
However, there are other non-tax barriers that might prevent exports from Myanmar to the EU and US that are intended to protect domestic companies, he said.
U Han Tun said Vietnamese exporters have previously been subjected to tighter-than-usual testing by US authorities.
U Win Kyaing, MFF general secretary, said adding Myanmar onto the GSP list would provide quick profits to exporters – and increase competition.
However, he said the demand would likely outweigh supply.
“We need to do more market research to identify which species are wanted by different markets. There’s not much point trying to export to the EU and US markets because demand for that species in weak,” he said.
“But we should farm carp in smaller quantities because it’s a relatively safe market for us,” he said.
Daw Toe Nandar Tin, spokesperson of the Myanmar Fisheries Products Exporters and Processors Association, said the industry was battling a number of other problems that hindered its ability to make high-quality products.
“Exporters need 24-hour electricity to make fisheries products, as well as a stable exchange rate,” she said.
“GSP is a dream for us and has not been implemented yet,” she added.
“Our aim is to get exports back to the levels they were before sanctions were imposed in 2003 for as the first step,” she said.
However, U Soe Win, chair of the meeting and an MFF member, said that not only exporters but also producers need to start preparing for when remaining sanctions are dropped.
(seafood.vasep.com.vn) The year 2025 marks the 30th anniversary of the normalization of diplomatic relations between Vietnam and the United States (1995–2025). In parallel with the nation's progress in international economic integration, bilateral seafood trade has followed a remarkably impressive growth trajectory, expanding from an initial scale of just tens of millions of US dollars to nearly $2 billion annually. This growth has positioned the United States as Vietnam’s largest seafood export market for many consecutive years.
(seafood.vasep.com.vn) On December 12, 2025, the Vietnam Association of Seafood Processing and Export (VASEP) issued document 231/CV-VASEP regarding strengthening measures to combat IUU fishing and working with the Government to lift the EC's IUU yellow card warning.
(seafood.vasep.com.vn) Tilapia is easy to farm and provides high economic and nutritional value, making it a sought-after export commodity in many countries.
(seafood.vasep.com.vn) Vietnam’s seafood exports in the first 10 months of 2025 recorded significant progress, reaching more than USD 9.5 billion, up 15% year-on-year. This result reflects the sector’s persistent efforts amid a highly volatile market, especially policy shocks from the US Although signs of slowdown emerged in the third quarter due to countervailing taxes, key product groups still maintained strong momentum and created a foundation for full-year exports to reach USD 11 billion.
(seafood.vasep.com.vn) Vietnam’s agreement with the United States on a framework for reciprocal, fair, and balanced trade—reached during the 2025 ASEAN Summit in Malaysia—has generated strong optimism for Vietnamese exports, including tuna. Numerous positive points in the joint statement have raised high expectations for Vietnamese export goods, but turning these expectations into tangible benefits remains a long and challenging journey.
(seafood.vasep.com.vn) At the conference on “Linking the Production and Consumption Chain of Ca Mau Crab 2025,” Vice Chairman of the Ca Mau Provincial People’s Committee Lê Văn Sử posed a central question: how to shift the province’s crab exports toward official trade channels, instead of relying heavily on small-scale border trade with China as currently practiced.
(seafood.vasep.com.vn) The whitefish market in Japan is showing a clear divergence among supplying countries, in which Vietnam continues to affirm its role as a stable and high-potential exporter. Vietnam currently ranks third after the US and Russia in whitefish export value to Japan. Thanks to tariff incentives and the ability to meet Japan’s strict standards, Vietnamese pangasius continues to record a stable and positive growth trend.
(seafood.vasep.com.vn) The People's Committee of Ca Mau Province has just issued a plan to expand the super-intensive, low-water-exchange, biosecure white-leg shrimp farming model (RAS-IMTA) for whiteleg shrimp farming to a scale of 1,500 hectares, aiming to develop high-tech, sustainable and environmentally friendly shrimp farming.
(seafood.vasep.com.vn) Sa Giang Import-Export Joint Stock Company (HNX: SGC) plans to issue over 7.1 million shares to raise nearly 465 Billion VND for Hoan Ngoc M&A Deal.
(seafood.vasep.com.vn) According to Rabobank, global tilapia production is forecast to exceed 7 million tons in 2025, driven by a strong recovery in major producing countries including China, Indonesia, Egypt, Bangladesh and Vietnam. Among them, Vietnam is emerging as a potential tilapia supplier in the global supply chain, capitalizing on market fluctuations to expand production and exports.
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