<div style="text-align: justify; line-height: 15pt; margin: 6pt 0cm 0pt"><span style="font-size: 10pt">Mr Alcala said there are talks between Manila and Port Moresby to lift the ban in the seas in Papua New Guinea’s maritime border, reports ManilaBulletin. </span></div> <div style="text-align: justify; line-height: 15pt; margin: 6pt 0cm 0pt"><span style="font-size: 10pt">At least three Philippine canning companies have set up shop in Papua New Guinea to take advantage of its tariff-free status in France and in other countries. Philippine canned tuna is slapped a 24 per cent tariff in France while Papua New Guinea’s tuna comes in duty-free. </span></div> <div style="text-align: justify; line-height: 15pt; margin: 6pt 0cm 0pt"><span style="font-size: 10pt">It is not known if Papua New Guinea would agree as the Philippines’ offer is to teach Papuans how to grow rice, a cereal that the US also wants the rootcrop-eating Papuans to propagate. Mr Alcala revealed the sweetener to the talks at the sidelines of the Philippine Economic Briefing in Pasay City on Tuesday. </span></div> <div style="text-align: justify; line-height: 15pt; margin: 6pt 0cm 0pt"><span style="font-size: 10pt">The Philippines wants to avoid the unenviable tag as the world’s biggest rice importer, a title that is said to have been inherited by Indonesia. Another option is for the Philippines to take in the tuna catch of Papuan vessels since the country lacks processing facilities, Mr Alcala said. </span></div> <div style="text-align: justify; line-height: 15pt; margin: 6pt 0cm 0pt"><span style="font-size: 10pt">“Their processing facilities are still not working in full capacity. So, we ask them to take a portion of their catch to General Santos City, where we can accommodate a huge volume of tuna,” he said. This means that the idle canning factories in General Santos will process the tuna and label it as a product of Papua New Guinea. </span></div> <div style="text-align: justify; line-height: 15pt; margin: 6pt 0cm 0pt"><span style="font-size: 10pt">Mr Alcala said Filipinos own majority of the canning factories in Papua New Guinea. He said that while Filipinos also consume tuna, the bulk of the catch actually ends up in Japan, the world’s biggest tuna buyer, representing 90 per cent of the tuna consumption. </span></div> <div style="text-align: justify; line-height: 15pt; margin: 6pt 0cm 0pt"><span style="font-size: 10pt">Philippine waters also have tuna but 65 per cent is of the skipjack variety, also known as gulyasi, which is preferred by canneries. Big eye and yellowfin tuna are in great demand for sashimi and sushi worldwide, and they swim in large schools in Indonesian waters en route to Papua New Guinea. Tuna is largely equatorial. </span></div> <div style="text-align: justify; line-height: 15pt; margin: 6pt 0cm 0pt"><span style="font-size: 10pt">The Philippines has been lobbying for the lifting of the ban imposed by the Western and Central Pacific Fisheries Commission (WCPFC), a treaty-based organization seeking to conserve and manage fish stocks in the Pacific Ocean. </span></div> <div style="text-align: justify; line-height: 15pt; margin: 6pt 0cm 0pt"><span style="font-size: 10pt">WCPFC’s ban was motivated by the principles of the United Nations Law of the Sea Convention (UNCLOS), which restricts the use of the global ocean commons to reasonable levels and bars infringements by fishing nations on the rights of the signatories of the Parties to the Nauru Agreement (PNA). </span></div> <div style="text-align: justify; line-height: 15pt; margin: 6pt 0cm 0pt"><span style="font-size: 10pt">The PNA members are Papua New Guinea, Palau, the Marshall Islands, Nauru, Federated States of Micronesia, Kiribati, Tuvalu and the Solomon Islands, all of which are vulnerable to rising sea levels brought about by climate change. They also happen to be responsible for the sea lanes where 25 per cent of the world’s tuna supply comes. </span></div>
(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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